Location: Rooks County, KS | Metro: Ellis 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 | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $73,298 | 1.38% | A |
| 3BR | $1,200 | $144,204 | 0.83% | C |
| 4BR | $1,490 | $187,396 | 0.8% | D |
| 5BR | $1,728 | $245,052 | 0.71% | D |
U.S. Census Bureau data (2024)
A ZIP code of 67663 is situated in a small, rural-like neighborhood in Kansas. With a total population of 2,346, it represents a community where nearly 30% of residents are renters, indicating a modest demand for rental properties. The median household income here stands at $61,576, suggesting a middle-class community. Median home values are relatively low at $130,066, reflecting the area's rural character and the overall affordability of housing.
Moving into the specifics of the rental market, the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development for the metro area in fiscal year 2026 is $930. However, the actual market rent, according to Census ACS data, is lower at $766. This discrepancy between FMR and market rent presents an opportunity for landlords who can leverage the higher voucher rates to ensure better cash flows on their investments.
Given these economic conditions, ZIP 67663 is well-suited for both hands-off voucher operators and hands-on value-add buyers. Voucher operators can benefit from the guaranteed income provided by the higher FMR, which exceeds the local market rate, ensuring stable returns without the need for active property management. On the other hand, value-add buyers might find potential in improving properties to command rents closer to the FMR, thus capturing the full subsidy amount while also potentially increasing occupancy rates due to the area's modest but steady demand for rental units.
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.