Location: Marion County, KS | Metro: Dickinson County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,240 | $222,276 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 67451 stands out with a unique blend of economic factors that significantly influence its real estate market. With a resident population of 840, it has a rental rate of 21.5%, indicating a relatively stable demand for rental properties. The median income here is $51,625, which is moderate but sufficient to support a decent standard of living. However, the median home value of $187,725 suggests that homeownership is within reach for many residents, potentially leading to a competitive market for both rentals and sales.
When it comes to Section 8 vouchers, the data reveals an interesting dynamic. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $880, while the actual market rent, according to the Census ACS, is $593. This discrepancy means that landlords accepting Section 8 vouchers can charge higher rents than the current market average, providing a financial incentive to participate in the program. It also implies that voucher holders can find more affordable housing options within this ZIP code compared to the FMR, making it a viable choice for those seeking government assistance.
Based on the economic indicators, the ZIP 67451 appears to be in a transitional phase. The relatively high median home value combined with a moderate median income suggests that the cost of living is increasing, possibly due to rising property values. Meanwhile, the rental market remains lower than the FMR, indicating potential growth opportunities for landlords who can navigate the balance between market rates and the benefits of accepting Section 8 vouchers. For small-portfolio investors, this ZIP code offers a mix of challenges and opportunities, particularly in understanding the local market dynamics and leveraging the Section 8 program effectively.
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.