Location: Wichita County, KS | Metro: Greeley 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 | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 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 | $107,513 | 0.89% | C |
| 3BR | $1,200 | $171,753 | 0.7% | D |
U.S. Census Bureau data (2024)
ZIP 67879 is located in a small, rural neighborhood in Kansas. With a total population of 1,302, it is a tight-knit community where approximately 25.0% of residents are renters. The median household income in this area stands at $80,536, indicating a relatively affluent environment. However, the median home value is notably lower at $148,613, which suggests that homeownership is still accessible to many residents despite the higher income levels.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $880. In comparison, the current market rent, as per the Census ACS, is $794. This indicates that there is potential for landlords to slightly increase their rents to align more closely with the FMR without pricing out a significant portion of the local tenant base.
The discrepancy between the FMR and the actual market rent suggests that ZIP 67879 could be an appealing location for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the lower market rent compared to the FMR means that there is a margin where Section 8 vouchers can cover a substantial portion of the rent, ensuring steady cash flow without the need for active property management. On the other hand, for hands-on value-add buyers, the opportunity to renovate properties and increase rents towards the FMR level presents a chance to enhance returns on investment through improved property quality and higher rental yields.
In conclusion, ZIP 67879 offers a balanced environment for real estate investment, particularly in the context of Section 8 properties. The combination of a modest median home value and a relatively high median income provides a solid foundation for rental operations, while the gap between the FMR and market rent opens up avenues for both passive and active investment strategies.
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.