Location: Thomas County, KS | Metro: Gove 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 | $720 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,240 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $109,073 | 0.9% | C |
| 3BR | $1,240 | $175,026 | 0.71% | D |
| 4BR | $1,490 | $206,747 | 0.72% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67748, which includes Oakley, KS, is set at $930 per month for the fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the Housing Authority will pay up to $930 toward the rent of your property. It's important to note that this is not the amount you should charge for rent; it's the maximum subsidy that can be applied.
In comparison, the average rent for the area, based on Census American Community Survey data, is around $820 per month. This indicates that the FMR is slightly higher than the typical rent, which could be beneficial for landlords participating in Section 8. However, you must ensure that your rent is reasonable and does not exceed the FMR, as tenants will only receive a voucher up to this limit.
The rental market in Oakley has a strong demand, with 30.1% of residents being renters. This suggests a significant portion of the population relies on rental housing, including those who might benefit from Section 8 vouchers. The high demand can provide stability and a consistent pool of potential tenants.
When considering purchasing a property in Oakley for a Section 8 rental, the median home value is approximately $165,849. This figure can help you understand the acquisition cost of a typical property in the area. Before making an investment, verify that the property meets all the required standards set by the Housing Authority for participation in the Section 8 program. This includes ensuring the unit is safe, decent, and sanitary, and that it complies with the housing quality standards.
In summary, the FMR of $930 provides a clear benchmark for the maximum subsidy available through Section 8, while the local average rent of $820 offers insight into market rates. With a substantial 30.1% of the population renting, there is a good chance of finding suitable tenants. Ensure your property meets the necessary criteria before proceeding with a Section 8 rental to avoid any complications.
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.