Location: Rooks County, KS | Metro: Graham County, KS
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 | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $127,737 | 0.99% | C |
| 4BR | $1,420 | $166,716 | 0.85% | C |
U.S. Census Bureau data (2024)
The median income in ZIP code 67642 stands at $49,896, which places significant constraints on households' ability to afford the market rate rent of $735. This figure represents the average rent price based on Census American Community Survey (ACS) data. However, when comparing this to the Fair Market Rent (FMR) set at $880 for metro areas in fiscal year 2026, it becomes evident that there is a substantial affordability gap.
The disparity between the median income and both the market rate and FMR highlights the financial strain many renters face. At $735, the market rate already consumes a considerable portion of the average household's income, making it challenging for residents to cover other essential living expenses. The voucher payment standard of $880 further exacerbates this issue, as it exceeds the market rate by $145, indicating that even with assistance, rents remain unaffordable for a significant portion of the population.
With 27.9% of the 1,752 residents being renters, landlords must be aware of the competitive landscape. The high percentage of renters suggests a demand for housing, but the affordability gap means that not all potential tenants can pay the market rate without assistance. Landlords should consider the number of voucher holders who might be seeking housing and the impact their presence has on the local rental market.
The takeaway for landlords is clear: focusing solely on cash-paying tenants may limit the pool of available renters, given the financial pressures many face. By accepting vouchers, landlords can tap into a different segment of the market, ensuring a steady stream of income while also providing affordable housing options. Although vouchers offer lower payments compared to market rates, they can provide a reliable source of income and help fill vacancies faster in a competitive environment.
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.