Location: Wichita County, KS | Metro: Logan 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 | $710 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $103,595 | 0.94% | C |
| 3BR | $1,340 | $187,404 | 0.72% | D |
| 4BR | $1,430 | $232,841 | 0.61% | D |
U.S. Census Bureau data (2024)
880 is the Fair Market Rent (FMR) for ZIP 67861, Leoti, KS, as of metro FY 2026, indicating the maximum rental amount allowed for low-income housing assistance. 950 represents the average market rent for the area according to the Census ACS, which is slightly above the FMR. This suggests that landlords participating in the Section 8 program can expect a rental rate close to the market average, ensuring they remain competitive while receiving government subsidies.
159,719 is the median home value in Leoti, KS, reflecting the typical cost of homeownership in the area. However, with 25.2 being the percentage of the population that rents, it's clear that a significant portion of residents prefer or require rental housing. This makes rental properties particularly valuable in this market, especially those that qualify for Section 8.
78,920 is the median income for the area, which is an important figure for determining eligibility for Section 8 tenants. Landlords should be aware that most tenants will likely have incomes below this threshold, making the program a reliable source of steady rental income. While the day DOM (days on market) is listed as N/A, this typically indicates a quick turnover of rental listings, suggesting strong demand for rental properties in Leoti.
The N/A% price-cut share also points to a robust rental market where landlords don't often need to reduce their asking prices to attract tenants. This stability is beneficial for landlords who want consistent cash flow without the hassle of frequent price adjustments.
In summary, for ZIP 67861, the Section 8 program offers a fair rental rate close to the market average at 880, while the 25.2% renter share ensures there is a substantial pool of potential tenants. With a median income of 78,920, landlords can expect to find qualified tenants who meet the income requirements for the program. The lack of data on day DOM and price-cut share further supports the idea that the rental market in Leoti is healthy and stable. For landlords and small-portfolio investors, participation in the Section 8 program is a prudent investment strategy given these figures.
Section 8 Verdict: A solid investment option for landlords in Leoti, KS.
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.