Location: Meade County, KS | Metro: Gray 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 | $870 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $174,390 | 0.55% | F |
| 3BR | $1,150 | $258,062 | 0.45% | F |
| 4BR | $1,420 | $333,381 | 0.43% | F |
U.S. Census Bureau data (2024)
Gray County's ZIP code 67867, Montezuma, KS, stands out due to its unique demographic and economic characteristics. With a total population of 1,596 residents, it has a relatively low rental rate of 20.3%, indicating that most residents prefer homeownership. The median income of $67,000 suggests that the area is economically stable, while the median home value of $262,003 reflects a modest property market compared to larger metropolitan areas.
The housing dynamics in Montezuma are further influenced by the Federal Housing Administration (FHA) Fair Market Rent (FMR), which is set at $880 for the fiscal year 2026. This figure is slightly higher than the current market rent of $821, based on Census American Community Survey (ACS) data. Landlords participating in the Section 8 program can expect to receive close to the FMR amount for their units, ensuring they are adequately compensated for their properties.
The economic stability of Montezuma is evident in its consistent median income and home values. The slight increase in FMR over market rent indicates a controlled growth environment, which is favorable for both landlords and tenants. Given these factors, the data signature for ZIP 67867 reads as stable, providing a reliable investment opportunity for landlords and small-portfolio investors looking to enter or expand in this market.
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.