Location: Rice County, KS | Metro: Rice 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 | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,190 |
| 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 | $1,190 | $191,185 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 67457 presents several challenges for potential Section 8 landlords. Tenant turnover is a significant concern, with market rents at $717 compared to the Federal Market Rent (FMR) of $880 for fiscal year 2026 in the metropolitan area. This gap suggests that tenants might seek higher rental subsidies, leading to frequent changes in occupancy. High tenant turnover can result in increased costs for property owners due to the need for regular maintenance and preparation between tenants.
Vacancy exposure is another issue. The average days on market (DOM) for properties in this ZIP code is not available, which makes it difficult to predict how long a unit might remain vacant. A prolonged vacancy period can significantly impact cash flow and profitability, especially if there is a delay in securing new tenants.
Deferred maintenance is also a risk factor. With a typical home value of $154,021 and a median income of $89,167, homeowners may be less likely to invest in major repairs or upgrades. This could lead to properties becoming less attractive over time, further exacerbating vacancy issues and requiring landlords to cover these costs themselves.
However, these risks must be weighed against the high concentration of renters in the area, with 14.1% of residents being renters. High renter density often translates into a robust demand for rental housing, including those who rely on Section 8 vouchers. Despite the challenges, the strong presence of renters in ZIP 67457 indicates a steady pool of potential tenants who can utilize rental assistance programs.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.