Section 8 Fair Market Rent (FMR) for ZIP 67831 - 2027
Location: Clark County, KS | Metro: Clark County, KS
Investment Score for ZIP 67831
N/A
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 3BR |
$1,210 |
$82,278 |
1.47% |
A |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$63,846
A landlord considering ZIP code 67831 for Section 8 investments must evaluate several key factors before making a purchase. Here's a decision tree to guide that process:
- Does the Fair Market Rent (FMR) of $880 cover the debt service on a property valued at $65,979?
- If the debt service is less than $880 per month, then the answer is yes. The FMR can sustain the mortgage payments.
- If the debt service exceeds $880 per month, then the answer is no. The FMR will not be sufficient to cover the monthly mortgage costs.
- Is the market rent of $765 above, at, or below the FMR?
- If the market rent is above the FMR, it indicates that there might be opportunities for higher rents outside of Section 8, but it also means that Section 8 tenants may find the rent too high.
- If the market rent is at or below the FMR, it suggests that the market is aligned with the Section 8 program, making it easier to attract tenants.
- Are the 31.1% renters combined with an unknown number of days on the market (DOM) indicative of enough demand?
- If the DOM is low, indicating quick turnover of rental properties, and the percentage of renters is substantial at 31.1%, then the demand is likely strong enough to support a Section 8 investment.
- If the DOM is high, suggesting a slow rental market, the decision becomes more nuanced. A strong percentage of renters alone may not guarantee enough demand to consistently fill units with Section 8 tenants.
In summary, if the FMR of $880 can cover the debt service, the market rent of $765 is competitive with the FMR, and the rental demand is robust (low DOM), then the answer is yes. However, if any of these conditions are not met, the decision shifts to either no or it depends, requiring further analysis of local economic trends and tenant preferences.
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.