Location: Reno County, KS | Metro: Reno 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 | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $780 | $51,951 | 1.5% | A+ |
| 2BR | $1,020 | $83,375 | 1.22% | A |
| 3BR | $1,300 | $118,680 | 1.1% | B |
| 4BR | $1,430 | $145,501 | 0.98% | C |
U.S. Census Bureau data (2024)
The classification of ZIP 67501 in Hutchinson, Kansas, reveals a market that leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. This assessment is driven by several key figures.
Firstly, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $960, while the market rent is slightly lower at $728. The median home value is significantly higher at $95,797. This indicates a relatively stable rental environment where landlords can expect a reasonable return without the risks associated with highly volatile markets.
The percentage of renters in the area is 41.0%, which is substantial enough to support a steady demand for rental properties. Additionally, the days on market (DOM) figure of 13 days suggests that properties are quickly occupied once they become available, reducing vacancy periods and increasing cash flow predictability.
The median household income of $50,859 further supports the idea of stability. Landlords can expect tenants to have a reliable source of income, reducing the risk of non-payment and default.
To summarize, the combination of a moderate FMR, a significant portion of the population renting, quick occupancy rates, and a decent median income points towards a steady-cashflow zone. Investors should focus on maintaining a solid rental portfolio with consistent returns rather than seeking high-risk, high-reward opportunities.
Yield Analysis:
Stability Analysis:
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.