Location: Saline County, KS | Metro: Ottawa 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 | $990 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $279,193 | 0.59% | F |
U.S. Census Bureau data (2024)
To fit ZIP 67470 into a Section 8 portfolio strategy, it's important to analyze its characteristics in terms of cash flow, appreciation potential, and diversification. Based on the provided data, ZIP 67470 stands out most as a cash-flow anchor.
The primary reason for this classification is the significant spread between the Fair Market Rent (FMR) and the market rent. For fiscal year 2026, the FMR for the metro area is set at $1,240, while the current market rent is $1,087. This means that landlords can potentially secure higher rents through Section 8 vouchers compared to what they might receive from market-rate tenants. The difference of $153 per month provides a buffer that can help stabilize rental income and cover any unforeseen expenses or fluctuations in the market.
Additionally, the median home value in ZIP 67470 is $232,710. This figure is relatively stable and suggests that the area is not experiencing rapid appreciation that could make it an ideal investment for capital gains. Instead, the focus should be on steady, reliable cash flows which the Section 8 program facilitates due to the guaranteed rent payments and regular renewal of leases.
ZIP 67470 does offer some diversification benefits with a 35.9% renter share, indicating a moderate demand for rental properties. However, this aspect alone is not enough to classify the ZIP as primarily an appreciation play or a diversifier given the lack of specific data on price-cut shares and days on market (DOM).
In conclusion, ZIP 67470 serves best as a cash-flow anchor within a Section 8 portfolio strategy. Its ability to provide higher-than-market rents through the voucher system, combined with a stable median home value, makes it a solid choice for landlords looking to ensure consistent income streams.
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.