Section 8 Fair Market Rent (FMR) for ZIP 67862 - 2027

Location: Stanton County, KS | Metro: Morton County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$790
2 Bedrooms	$1,030
3 Bedrooms	$1,320
4 Bedrooms	$1,520
5 Bedrooms	$1,763
6 Bedrooms	$1,975
7 Bedrooms	$2,133
8 Bedrooms	$2,240

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

244

Median Household Income

$66,806

Housing Units

176

Renter Percentage

11.1%

Occupancy Rate

76.7%

Renter Occupied

The ZIP code 67862, located in Kansas, offers a unique blend of rural charm and suburban convenience, making it an interesting market for real estate investors. This area is characterized by its modest size and manageable population, which can be advantageous for those looking to understand and cater to local demand effectively.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, indicating the rental price point that is considered fair for the region.
The actual market rent, according to Census ACS data, stands at $531, suggesting that the current rental prices are significantly below the FMR, which could present opportunities for landlords to adjust their pricing.
The median home value is not available, implying that the housing market may be less active or that there is insufficient data to provide a reliable figure.
Renters make up 11.1% of the housing market in this area, a relatively low percentage compared to urban centers, but still significant for small-portfolio investors.
The days on market (DOM) for properties is not available, which might indicate a stable market where listings do not typically linger long before selling or renting.
The median household income in ZIP 67862 is $66,806, providing insight into the economic status of residents and their ability to pay higher rents or purchase homes.

Investors should take note of the discrepancy between the Fair Market Rent and the actual market rent, as this suggests potential for increasing rental rates. The low percentage of renters and lack of data on median home values imply that homeownership is prevalent, which could limit the number of rental units available. However, the strong median income supports the idea that tenants can afford higher rents, making it a viable option for those who can offer quality rentals at competitive prices. Overall, ZIP 67862 presents a balanced opportunity for real estate investment, particularly in rental properties, given the local economic conditions and the potential for upward adjustment in rental rates.

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.