Section 8 Fair Market Rent (FMR) for ZIP 67647 - 2027

Location: Phillips County, KS | Metro: Phillips County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$740
2 Bedrooms	$970
3 Bedrooms	$1,180
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

243

Median Household Income

$63,056

Housing Units

112

Renter Percentage

20.9%

Occupancy Rate

76.8%

Renter Occupied

The ZIP code 67647, located in the heart of Kansas, offers a stable environment for real estate investment, particularly for those interested in the rental market. The area benefits from a mix of residential and commercial properties, providing ample opportunities for both single-family homes and multi-unit complexes.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which represents the maximum amount that low-income families should pay for housing.
The average market rent, according to the Census American Community Survey (ACS), stands at $1,344, indicating a higher demand for rental properties beyond just low-income families.
The median home value in ZIP 67647 is not available, suggesting a lack of comprehensive data on home sales, but this does not necessarily reflect a weak market.
Renters make up 20.9% of the population, highlighting a significant portion of the community that relies on the rental market for housing.
The median income for residents in this ZIP code is $63,056, providing insight into the financial stability and potential rental affordability of the local populace.

Investors considering entering the rental market in ZIP 67647 can expect a fair balance between the Fair Market Rent and the actual market rent, which leaves room for profit. With a substantial renter share, there is a consistent demand for rental units, although the absence of median home values suggests a focus on the rental sector rather than home sales. The median income level supports the ability of residents to afford rents above the FMR, making it a viable option for those looking to generate steady rental income without targeting only low-income households.

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.