Location: Gray County, KS | Metro: Finney County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67853 is set at $1,090 for the fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, you will receive up to $1,090 per month from the government to cover part of your tenant's rent. However, it's important to note that this is not the actual rent your tenants will pay; it's the maximum amount the voucher can cover.
In comparison, the average rent in ZIP 67853 based on Census American Community Survey (ACS) data is $933. This indicates that the FMR is slightly higher than the typical market rent, which can be beneficial for landlords as it ensures they receive a competitive rate for their properties.
The renter share in this area is 20.9%, suggesting a moderate demand for rental housing. If you're considering entering the Section 8 market, this percentage shows that there is a significant portion of the population who might rely on these vouchers to find suitable housing. This can translate into a steady stream of potential tenants interested in your property.
When acquiring a new rental property in ZIP 67853, the median home value stands at $284,953. This figure reflects the average cost of purchasing a home in this area, which can help you estimate the initial investment required to enter the Section 8 rental market.
Before proceeding with a Section 8 rental in ZIP 67853, ensure that your property meets all the necessary inspection criteria. The Housing Quality Standards (HQS) inspection is critical, as it determines whether your property is eligible for the program. These standards cover essential aspects such as safety, cleanliness, and structural integrity, and passing this inspection guarantees that your property is suitable for low-income families.
In summary, participating in Section 8 in ZIP 67853 offers a guaranteed income up to $1,090 per month, which is above the average market rent of $933. With a 20.9% renter share, there is a good chance of finding tenants, and the median home value gives you a benchmark for the purchase price. Verify that your property meets HQS requirements to ensure eligibility.
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.