Section 8 Fair Market Rent (FMR) for ZIP 67654 - 2027

Location: Norton County, KS | Metro: Norton County, KS

Investment Score for ZIP 67654

Monthly Rent (2BR)

$960

Median Price (2BR)

$64,774

1% Rule

1.48%

Annual Yield

17.78%

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	$710
1 Bedroom	$840
2 Bedrooms	$960
3 Bedrooms	$1,330
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$960	$64,774	1.48%	A
3BR	$1,330	$124,701	1.07%	B
4BR	$1,610	$196,726	0.82%	C
5BR	$1,868	$241,251	0.77%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,021

Median Household Income

$54,418

Housing Units

1,594

Renter Percentage

20.9%

Occupancy Rate

82.6%

Renter Occupied

275

Norton, KS, located in the heart of Kansas, is a small town that offers a stable environment for real estate investments, particularly for those interested in the Section 8 housing market. The area is characterized by modest property values and rental rates, making it an attractive option for landlords and small-portfolio investors looking for consistent returns.

The Fair Market Rent (FMR) for Norton, KS, for the fiscal year 2026 is set at $910 per month, which is higher than the average market rent.
The Census ACS reports that the average market rent in Norton, KS, is $598 per month, indicating a gap between market rents and what Section 8 might offer.
The median home value in Norton, KS, stands at $126,588, reflecting the overall affordability of the housing market.
Renters make up 20.9% of the population, suggesting a moderate demand for rental properties.
The median income in the area is $54,418, providing insight into the financial stability of potential tenants.

The data points above indicate that Norton, KS, presents a balanced opportunity for investors focused on Section 8 properties. With the FMR exceeding the average market rent, there's a clear advantage for landlords participating in the Section 8 program. The relatively low median home value and modest rental rates also suggest a cost-effective entry point for purchasing investment properties. However, the moderate share of renters and median income levels imply that while demand exists, it's important to manage expectations regarding occupancy rates and tenant income. Overall, Norton offers a solid foundation for steady, though perhaps not explosive, growth in real estate investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.