Location: Stevens County, KS | Metro: Seward 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 | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $86,605 | 1.25% | A |
| 3BR | $1,490 | $156,176 | 0.95% | C |
| 4BR | $1,680 | $183,537 | 0.92% | C |
| 5BR | $1,949 | $218,075 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 67901, located in Liberal, KS, resides within the Stevens County, KS metro area. Its Federal Market Rent (FMR) for fiscal year 2026 is set at $1,000. Comparatively, the market rent for the same ZIP is $904, indicating that it is slightly below the FMR. The median home value in ZIP 67901 stands at $144,570, which suggests that it is moderately priced within the context of the metro area.
With a renter share of 39.1%, 67901 has a higher proportion of renters compared to the average ZIP code in Stevens County, KS. This higher renter share combined with below-average market rent can signal a potential value pocket for landlords and small-portfolio investors interested in Section 8 properties. The lower market rent also implies that rental properties here might be more accessible to tenants receiving housing assistance.
The median home value in 67901 is relatively low compared to other ZIP codes in the metro area, suggesting that it is not a premium sub-market. However, it is still competitive within the Stevens County, KS region. The presence of a significant number of renters, coupled with affordable home values, makes it an attractive location for those looking to capitalize on the demand for affordable rentals.
In summary, ZIP 67901 appears to be a value pocket within the Stevens County, KS metro. It offers a balance between being a desirable location for renters and providing opportunities for landlords to manage properties at below FMR rates. This combination of factors makes it particularly appealing for investors focused on Section 8 housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.