Section 8 Fair Market Rent (FMR) for ZIP 67570 - 2027
Location: Reno County, KS | Metro: Kingman County, KS
Investment Score for ZIP 67570
D
Median Price (2BR)
$133,245
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 2BR |
$980 |
$133,245 |
0.74% |
D |
| 3BR |
$1,250 |
$209,903 |
0.6% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$81,000
When considering whether to invest in ZIP code 67570 (Pretty Prairie, KS) for Section 8 properties, follow this decision tree based on the provided data.
1) Does the Fair Market Rent (FMR) of $880 cover the debt service on a property valued at $177,560?
- Yes: The FMR of $880 per month is sufficient to cover the debt service on a property costing $177,560. This means that the rental income will meet the mortgage obligations, making the investment viable from a financial standpoint.
- No: The FMR of $880 per month does not cover the debt service on a property priced at $177,560. In this case, the investment would be financially unwise unless there are other sources of income or subsidies available.
2) Is the market rent of $850 above, at, or below the FMR?
- Above: If the market rent exceeds $880, then the property is overpriced relative to the FMR. This situation reduces the likelihood of securing Section 8 tenants who are restricted by the FMR cap.
- At: The market rent of $850 is slightly below the FMR, indicating that the property aligns well with the maximum allowable rent for Section 8 tenants. This makes it attractive for those seeking Section 8 vouchers.
- Below: Since the market rent is already below the FMR, this indicates a good alignment with Section 8 standards, potentially attracting more tenants.
3) Do 16.3% of renters plus an unspecified number of days on the market (DOM) indicate enough demand?
- Yes: If the DOM is low, then the 16.3% of renters suggests a healthy demand for rental properties in Pretty Prairie. Low DOM indicates that properties are rented quickly, which is positive for turnover and occupancy rates.
- No: If the DOM is high, then despite the 16.3% of renters, the demand may not be robust enough to ensure quick leasing of the property. High DOM can lead to extended vacancy periods, negatively impacting cash flow.
- It Depends: Without knowing the exact DOM, it's challenging to make a definitive statement. However, a 16.3% rental rate is moderate; if DOM is average, the demand could still support a Section 8 investment.
In conclusion, ZIP 67570 is a reasonable consideration for a Section 8 investment if the FMR covers the debt service and the DOM is sufficiently low to indicate strong demand. The market rent being below the FMR is favorable for attracting Section 8 tenants.
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.