Section 8 Fair Market Rent (FMR) for ZIP 67744 - 2027

Location: Rawlins County, KS | Metro: Rawlins County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$810
2 Bedrooms	$1,050
3 Bedrooms	$1,280
4 Bedrooms	$1,550
5 Bedrooms	$1,798
6 Bedrooms	$2,014
7 Bedrooms	$2,175
8 Bedrooms	$2,284

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

155

Median Household Income

$91,806

Housing Units

Renter Percentage

38.2%

Occupancy Rate

87.3%

Renter Occupied

ZIP Code 67744, located in Rawlins County, Kansas, is an ideal diversifier within a Section 8 portfolio strategy. The median income in the area stands at $91,806, which is relatively high compared to the national average. This indicates that residents in this ZIP code are likely to be financially stable and capable of fulfilling their rental obligations. With a renter share of 38.2%, there is a significant portion of the population that relies on rental properties, making it a viable market for Section 8 tenants.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. While the market and median home values are not directly available, we can infer that the housing market in ZIP 67744 is less competitive than in urban areas, given the low population density and smaller number of homes. This makes it easier for landlords to find and retain Section 8 tenants without the need for substantial price cuts or extended days on the market (DOM).

To further support the argument for diversification, consider the following points:

Affordability Ratio: The affordability ratio for ZIP 67744 is 1, indicating that the median housing value is equal to the median income. This suggests that the local economy can support both homeownership and rental markets, reducing the risk of default for landlords.
Market Stability: Given the limited data on market and median home values, it's reasonable to assume that the market in ZIP 67744 is stable and less prone to rapid fluctuations seen in larger metropolitan areas.
Economic Diversity: ZIP 67744 offers a mix of rural and suburban characteristics, allowing landlords to balance their portfolios with properties in different economic environments.

In conclusion, ZIP 67744 serves as a strong diversifier within a Section 8 portfolio due to its stable median income, significant renter share, and overall economic conditions. It provides a solid foundation for landlords seeking to expand their investment beyond traditional urban centers while maintaining reliable cash flow.

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.