Section 8 Fair Market Rent (FMR) for ZIP 67628 - 2027

Location: Smith County, KS | Metro: Smith County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$860
2 Bedrooms	$960
3 Bedrooms	$1,250
4 Bedrooms	$1,420
5 Bedrooms	$1,647
6 Bedrooms	$1,845
7 Bedrooms	$1,993
8 Bedrooms	$2,093

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

126

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

74.0%

Renter Occupied

The ZIP code 67628 is located in Kansas, specifically in the city of Baldwin City. Known for its quiet suburban atmosphere and proximity to Lawrence, this area offers a unique blend of rural charm and urban convenience. With a focus on the real estate market, particularly through the lens of Section 8, it's essential to understand the financial landscape that landlords and small-portfolio investors will encounter.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 67628 is set at $1,020 for fiscal year 2026, indicating the maximum amount that can be charged for a rental unit under the Section 8 program.
Renter Share: The renter share in ZIP 67628 stands at 0.0%, which suggests that virtually all residents in this area are homeowners rather than renters.
Days on Market (DOM): Data regarding the average days on market for rental properties is not available, making it difficult to assess how quickly properties are typically leased in this area.
Middle Income: Information on the median income of residents is also not available, which could provide insight into the economic profile of potential tenants.
Market Rent: Current market rents for ZIP 67628 are not available, complicating the comparison between actual market rates and the FMR set by HUD.
Median Home Value: The median home value is not provided, but given the low renter share, it's likely that the majority of homes are owner-occupied and priced accordingly.

The data points indicate that ZIP 67628 is primarily a homeowner-dominated market, with minimal demand for rentals. This makes the Fair Market Rent figure of $1,020 for Section 8 vouchers less relevant, as few residents are likely to be utilizing rental assistance programs. Landlords should be cautious about relying solely on Section 8 vouchers for their rental income, as the low renter share suggests a limited pool of eligible tenants. Additionally, without specific figures for median income and market rent, it's challenging to gauge the overall financial health and rental dynamics of the area. However, the strong homeowner presence might translate into stable property values, making it a potentially attractive location for long-term investments in single-family homes.

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.