Location: Meade 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 | $810 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,400 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $147,222 | 0.95% | C |
U.S. Census Bureau data (2024)
The ZIP code 67844 is characterized by a significant portion of renters, making up 37.0% of the population. With a total population of 796, this indicates a relatively small but notable tenant pool that could be interested in Section 8 housing. The median household income in this area stands at $56,071, which provides a baseline for assessing the affordability of rental properties.
The typical market rent in ZIP 67844 is $886 per month. This represents approximately 16.0% of the median annual income, calculated by taking $886 and dividing it by $56,071, then multiplying by 12 months to get an annual figure. This percentage suggests that rent is a considerable but manageable expense for the average resident, assuming they are single-income households or have other financial means to cover additional costs.
Comparing the market rent to the Fair Market Rent (FMR) set at $990 for the fiscal year 2026 in the metro area, the actual rent in ZIP 67844 is slightly below the FMR. This could indicate that landlords in this ZIP might find it easier to attract tenants who qualify for Section 8 vouchers, as the lower rent aligns better with the subsidy limits.
A landlord in ZIP 67844 can expect a tenant profile that includes individuals and families who rely on Section 8 vouchers due to the economic conditions of the area. These tenants will likely be sensitive to rent prices and appreciate properties that offer good value for their budget. Given the income levels and the proportion of renters, there is a strong likelihood of a deep voucher demand, making it a suitable market for landlords willing to participate in the Section 8 program.
To summarize, ZIP 67844 is a small but potentially lucrative market for Section 8 tenants. The combination of a substantial renter population and a market rent that is comfortably below the FMR suggests that landlords here will have a steady stream of qualified applicants seeking affordable housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.