Location: Reno County, KS | Metro: Wichita, KS HUD Metro FMR Area
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 | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $126,196 | 0.79% | D |
| 3BR | $1,270 | $192,252 | 0.66% | D |
U.S. Census Bureau data (2024)
The median home value in ZIP 67543 is $176,007, which is relatively low compared to national standards. However, the median household income is $64,219, which provides some insight into the economic health of the area. Given that only 16.6% of the population are renters, this indicates a lower demand for rental properties, potentially affecting the stability of the rental market.
To further assess stability, we need to consider the days on market (DOM) for rental listings, which is currently not available (N/A). Without this information, it's challenging to determine how quickly properties are rented out. However, the low percentage of renters and the lack of DOM data suggest that the market might not be as stable as one would hope for a steady cash flow.
In conclusion, ZIP 67543 leans towards being a moderate yield market due to the FMR being higher than the market rent. However, the stability is questionable given the low percentage of renters and the unavailability of DOM data. Landlords and small-portfolio investors should carefully weigh these factors before making investment decisions in this area.
Figures driving the call:
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.