Location: Rawlins County, KS | Metro: Cheyenne County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67745 in fiscal year 2026 is set at $940. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning that if you participate in this program, you will receive a monthly subsidy of up to $940 to cover rent for eligible tenants. It's important to note that this is not your rent; it's the maximum amount the government will pay on behalf of a tenant.
In ZIP 67745, there is no specific local renter share data available, but the national average can give you a benchmark. With a renter share of 22.6%, it indicates that a significant portion of the population in similar areas relies on rental housing, suggesting a steady demand for affordable rentals.
The median household income in the area is $118,571, which might seem high, but remember that the Section 8 program targets lower-income families. Your property's value relative to this income level means that it could be an attractive option for those seeking affordable housing. However, the acquisition cost of properties in this area may reflect higher values due to the overall income levels, so ensure you're pricing your investment accordingly.
To succeed with a Section 8 rental, one critical factor to verify is the condition of the property. The government requires that all units participating in the program meet certain standards known as Housing Quality Standards (HQS). Before finalizing your decision, conduct a thorough inspection to confirm that your property meets these criteria. This includes checking for any necessary repairs or improvements that would need to be made to qualify.
In summary, with an FMR of $940, you can expect consistent monthly payments through the Section 8 program. The high median income suggests that while the competition for tenants might be strong, the demand for affordable housing remains. Ensure your property meets HQS to avoid delays or disqualification from the program.
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.