Section 8 Fair Market Rent (FMR) for ZIP 67583 - 2027

Location: Stafford County, KS | Metro: Pratt County, KS

Investment Score for ZIP 67583

A+
Monthly Rent (2BR)
$960
Median Price (2BR)
$59,910
1% Rule
1.6%
Annual Yield
19.23%

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$690
1 Bedroom$770
2 Bedrooms$960
3 Bedrooms$1,270
4 Bedrooms$1,360
5 Bedrooms$1,578
6 Bedrooms$1,767
7 Bedrooms$1,908
8 Bedrooms$2,003

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $960 $59,910 1.6% A+
3BR $1,270 $160,051 0.79% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
848
Median Household Income
$53,750
Housing Units
513
Renter Percentage
13.9%
Occupancy Rate
71.3%
Renter Occupied
51

The economics of Section 8 housing in ZIP code 67583, located in Reno County, Kansas, operate under specific parameters that landlords must understand to manage their rental properties effectively. For fiscal year 2026, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code is set at $880. This figure represents the maximum amount that the Section 8 program will pay for a unit in this area.

However, it's important to note that the actual market rent for a similar two-bedroom property in ZIP 67583, based on Census ACS data, is approximately $636. This means that the SAFMR is higher than the average local market rent, which can be beneficial for landlords participating in the program.

When a landlord receives a Section 8 tenant, the payment structure involves both the government subsidy and the tenant's contribution. Typically, the tenant is responsible for paying about 30% of their adjusted income towards rent. In ZIP 67583, if we assume an average income level for participants, this might mean the tenant pays around $200 per month, although the exact amount depends on the individual tenant's income.

In addition to the base rent, there are utility allowances that can vary but are generally set by the local housing authority. For simplicity, let's say the utility allowance is around $100 per month. This allowance is intended to cover the cost of utilities and can be paid directly to the tenant or included in the overall reimbursement.

To calculate the total reimbursement a landlord would receive, add the tenant's portion and the utility allowance to the government subsidy. If the tenant contributes $200 and the utility allowance is $100, then the landlord would receive $1,180 per month for a two-bedroom apartment, assuming the government pays up to the SAFMR of $880.

This reimbursement exceeds the local market rent of $636, providing a surplus of $544 per month for a landlord. This surplus can help cover maintenance costs, vacancies, and other expenses associated with managing rental properties. It's also worth noting that the actual reimbursement gap or surplus can fluctuate based on the tenant's income and the specific utility allowance provided.

In conclusion, landlords in ZIP 67583 can expect a significant financial advantage when accepting Section 8 tenants, due to the high SAFMR compared to the local market rent. The combination of the tenant's contribution, utility allowance, and government subsidy ensures a steady income that surpasses the typical rental rates in the area.

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.