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 | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $100,870 | 0.99% | C |
| 3BR | $1,210 | $179,498 | 0.67% | D |
| 4BR | $1,480 | $220,129 | 0.67% | D |
| 5BR | $1,717 | $265,049 | 0.65% | D |
U.S. Census Bureau data (2024)
The ZIP code 67951, located in Hugoton, Kansas, stands out within Stevens County due to its unique demographic and economic characteristics. With a population of 4,563 residents, it has a rental rate of 26.7%, indicating a modest but present demand for rental properties. The median income in this area is $63,527, which is relatively stable and suggests a middle-class community. The median home value of $166,491 reflects a moderate housing market, suitable for families and individuals seeking affordable living options.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $910. This figure is slightly below the current market rent of $936, as reported by the Census Bureau's American Community Survey (ACS). Landlords and small-portfolio investors should note that while the difference between the FMR and market rent is minimal, it can still impact the decision-making process of potential tenants. The slight discrepancy might lead to some tenants preferring market-rate rentals over Section 8 vouchers, although the overall rental demand remains steady.
Evaluating the data signature of ZIP 67951, it appears to be stable rather than transitional. The consistent median income and home values suggest a community that is not experiencing rapid change. Additionally, the close alignment between the FMR and market rent indicates a balanced housing market where both government subsidies and private investments can coexist effectively. For those considering entering the rental market in Hugoton, the current environment presents an opportunity to provide affordable housing without significant risk of market volatility.
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.