Section 8 Fair Market Rent (FMR) for ZIP 67478 - 2027

Location: Mitchell County, KS | Metro: Mitchell County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$750
2 Bedrooms	$980
3 Bedrooms	$1,330
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

154

Median Household Income

$63,047

Housing Units

Renter Percentage

17.5%

Occupancy Rate

91.3%

Renter Occupied

ZIP 67478, located in Mitchell County, Kansas, presents a unique opportunity within a Section 8 portfolio strategy. This area should be considered an appreciation play due to several key factors.

The Federal Market Rent (FMR) for ZIP 67478 in the metro area for fiscal year 2026 is set at $920. While the exact market rent and median home value are not available, the lack of data on these metrics suggests that there might be underdeveloped opportunities for appreciation. In such cases, properties can often be acquired at lower prices compared to more established markets, leading to potential capital gains as the area develops.

The median income in ZIP 67478 stands at $63,047, which indicates a stable economic foundation for the local rental market. The 17.5% renter share also points towards a moderate demand for rental housing, supporting the idea that this ZIP could serve as an appreciation play rather than a cash-flow anchor. Properties here are likely to appreciate over time as the economy grows and demand for housing increases.

To further support this strategy, consider the following:

Economic Stability: With a median income above the national average, residents have the financial capability to sustain property values and potentially increase them through steady economic growth.
Moderate Rental Demand: The 17.5% renter share suggests a balanced market where rental properties can find tenants without overwhelming competition, making it suitable for long-term investment.
Potential for Capital Gains: Given the absence of high market rents and median home values, there's room for property appreciation as the area becomes more recognized and developed.

In conclusion, ZIP 67478 offers a promising avenue for appreciation within a Section 8 portfolio. Its stable median income and moderate rental demand provide a solid base for future growth, making it a strategic choice for investors looking to diversify their holdings and capitalize on developing markets.

Data Sources: FMR data from HUD (2027). 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.