Section 8 Fair Market Rent (FMR) for ZIP 67448 - 2027

Location: Saline County, KS | Metro: Dickinson County, KS

Investment Score for ZIP 67448

Monthly Rent (2BR)

$1,020

Median Price (2BR)

$167,356

1% Rule

0.61%

Annual Yield

7.31%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$780
2 Bedrooms	$1,020
3 Bedrooms	$1,300
4 Bedrooms	$1,350
5 Bedrooms	$1,566
6 Bedrooms	$1,754
7 Bedrooms	$1,894
8 Bedrooms	$1,989

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,020	$167,356	0.61%	D
3BR	$1,300	$230,160	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,251

Median Household Income

$89,076

Housing Units

560

Renter Percentage

15.2%

Occupancy Rate

91.6%

Renter Occupied

The ZIP code 67448, located in Gypsum, Kansas, is a rural area that offers unique opportunities for real estate investors, particularly those interested in Section 8 housing. The region's economy is stable, supported by a mix of agricultural and small business activities, making it a viable market for rental properties.

Fair Market Rent (FMR): For fiscal year 2026, the FMR for a two-bedroom apartment in the metro area is set at $930, indicating the government's benchmark for affordable housing in the region.
Market Rent: According to Census ACS data, the average market rent for the area is $914, which closely aligns with the FMR, suggesting a balanced market where rental properties can be priced competitively.
Median Home Value: The median home value in ZIP 67448 stands at $200,360, providing a reasonable entry point for investors looking to purchase homes for rental purposes without overextending their budget.
Renter Share: With 15.2% of residents being renters, there is a moderate demand for rental properties, but it also suggests that a significant portion of the population owns their homes, potentially affecting the rental market dynamics.
Days on Market (DOM): The data for days on market is currently unavailable, which could indicate a lack of recent sales activity or a very steady market where listings quickly find buyers.
Median Income: The median household income in the area is $89,076, which is above the national average, reflecting a relatively affluent community that can support higher rents and potentially attract tenants with good credit histories.

The analysis of these key metrics reveals a market that is moderately favorable for Section 8 real estate investments. The close alignment between FMR and market rent indicates stability and potential for competitive pricing. However, the lower renter share suggests that landlords might need to focus on marketing strategies to attract tenants. The high median income supports the viability of higher rent levels, but the actual performance will depend on the local job market and economic conditions. Investors should consider the balance between the median home value and the potential rental income when evaluating investment opportunities in Gypsum, KS.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.