Location: Morton County, KS | Metro: Morton 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 | $1,150 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,150 | $118,418 | 0.97% | C |
| 4BR | $1,420 | $146,863 | 0.97% | C |
U.S. Census Bureau data (2024)
The ZIP code 67950 stands out in County due to its unique demographic and economic characteristics. With a population of 1,744 residents, only 13.0% of whom rent their homes, this area has a predominantly owner-occupied housing stock. The median household income in ZIP 67950 is $65,625, which is relatively modest compared to the median home value of $104,059. This suggests that homeownership is accessible but not necessarily affordable for renters.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. However, the current market rent, based on Census ACS data, is lower at $675. This discrepancy indicates that landlords who accept vouchers can expect higher rents than the current market average, potentially making it a lucrative option for those willing to participate in the program. The difference between the FMR and the actual market rent also implies that there is a gap where voucher holders can find more affordable housing options, benefiting both tenants and landlords.
Considering the overall data signature of ZIP 67950, it appears to be a stable market with a strong preference for homeownership among its residents. The modest rental rate combined with a higher FMR suggests that the area is not undergoing significant transitional pressures. Landlords and small-portfolio investors should consider the potential benefits of accepting vouchers, given the higher guaranteed rental income compared to the local market rates. However, they must also be aware of the administrative requirements and tenant selection process associated with the Section 8 program.
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.