Section 8 Fair Market Rent (FMR) for ZIP 67573 - 2027

Location: Rice County, KS | Metro: Rice County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$740
2 Bedrooms	$960
3 Bedrooms	$1,250
4 Bedrooms	$1,330
5 Bedrooms	$1,543
6 Bedrooms	$1,728
7 Bedrooms	$1,866
8 Bedrooms	$1,959

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

158

Median Household Income

$61,964

Housing Units

Renter Percentage

11.3%

Occupancy Rate

66.3%

Renter Occupied

To determine if you should invest in ZIP code 67573 for Section 8 properties, follow these steps:

If the Fair Market Rent (FMR) of $880 per month for the metro area in fiscal year 2026 does not cover the debt service on a property in 67573:
- No. It's not advisable to purchase a property for Section 8 tenants if the rent doesn't meet your financial obligations.
If the FMR of $880 is sufficient to cover debt service:
- Compare the FMR to the average market rent of $1,313 per month (from Census ACS data).
  - If market rent is significantly above the FMR:
    - It depends. Landlords might find that non-Section 8 tenants offer better rental income, but there could still be demand for Section 8 properties.
  - If market rent is close to or below the FMR:
    - Yes. There is less opportunity cost in renting to Section 8 tenants since market rents aren't substantially higher.
- Evaluate the demand for rental properties:
  - If the 11.3% of renters in the area combined with the days on market (DOM) for properties is high:
    - No. The supply of rental units exceeds demand, making it difficult to attract and retain tenants.
  - If the 11.3% of renters is supported by a low DOM:
    - Yes. This suggests a healthy balance between supply and demand, making it easier to fill vacancies with Section 8 tenants.
Note: The data provided does not include the specific percentage of DOM for 67573. Therefore, the final decision will require additional research into the local rental market dynamics to ensure demand meets the supply.

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.