Location: Saline 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 | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $140,744 | 0.84% | C |
| 3BR | $1,530 | $199,743 | 0.77% | D |
| 4BR | $1,580 | $225,865 | 0.7% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 67480 (Solomon, KS) on the axes of yield and stability reveals a unique market scenario that falls into the category of a moderate cash flow opportunity with some volatility.
Starting with yield, the Federal Market Rent (FMR) for the Solomon metro area for fiscal year 2026 is set at $1,140, while the local market rent stands at $873. This indicates a potential for higher rental income if properties can be leased at or near the FMR rate. However, the median home value of $180,599 suggests that property acquisition costs could be relatively high compared to other areas, which might affect overall returns on investment.
Moving to stability, the rental market in Solomon shows a modest 18.1% of households as renters. The lack of data on days on market (DOM) implies uncertainty around how quickly properties can be rented out once they become available. Additionally, the median household income of $67,750 provides insight into the financial capacity of potential tenants, which is generally positive but could also suggest competition from homeownership opportunities.
Given these factors, ZIP 67480 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The significant gap between FMR and market rent points to a less aggressive speculative market, where flipping properties for quick profits is not as common. Instead, the combination of reasonable rental income and stable median income levels supports a more conservative approach focused on long-term, consistent cash flow.
To summarize, Solomon's ZIP code offers a balanced opportunity where investors can expect reliable rental income without the high risk associated with volatile markets. The figures indicate a preference for properties that can be rented closer to the FMR rate to maximize yields, while the stability metrics suggest a focus on tenant quality and lease terms to ensure steady cash flow.
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.