Location: Hodgeman County, KS | Metro: Ford 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 | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $840 | $110,154 | 0.76% | D |
| 2BR | $1,100 | $163,151 | 0.67% | D |
| 3BR | $1,460 | $229,538 | 0.64% | D |
| 4BR | $1,630 | $268,596 | 0.61% | D |
| 5BR | $1,891 | $311,540 | 0.61% | D |
U.S. Census Bureau data (2024)
Dodge City, KS, located in the Hodgeman County, KS metro area, offers a unique real estate landscape that can be analyzed through the lens of specific economic indicators. The Fair Market Rent (FMR) for ZIP code 67801 is set at $980 for the fiscal year 2026, which is lower than the market rent of $1,042. This suggests that while the government benchmark for rental prices is slightly below what the market demands, it still reflects a competitive pricing environment.
The median home value in ZIP 67801 stands at $209,881, indicating that property ownership is relatively affordable compared to other areas. This figure is crucial for landlords and small-portfolio investors as it suggests a lower barrier to entry for purchasing investment properties. Additionally, the 39.3% renter share highlights a significant portion of the population that relies on renting, which is a positive sign for landlords looking to fill their units.
To determine if ZIP 67801 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Hodgeman County, KS metro, we must consider the interplay between FMR, market rent, home values, and renter share. Given that the FMR is below the market rent but the home values are also relatively low, this ZIP code could be considered a value pocket. Landlords can offer rents slightly above the FMR to attract tenants, while still maintaining affordability for both renters and buyers.
The divergence between the high renter share and the below-average home values in ZIP 67801 is particularly noteworthy. This combination often signals a sweet spot for Section 8 investments. With a substantial number of renters and lower property costs, landlords who participate in the Section 8 program can secure steady income streams from government subsidies while offering affordable housing options to those in need.
In conclusion, ZIP 67801 presents a viable opportunity for landlords and small-portfolio investors seeking a balance between affordability and demand. The economic indicators suggest a value pocket within the Hodgeman County, KS metro, making it an attractive location for those interested in the Section 8 real estate market.
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.