Section 8 Fair Market Rent (FMR) for ZIP 67953 - 2027

Location: Stevens County, KS | Metro: Morton County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$770
2 Bedrooms	$1,010
3 Bedrooms	$1,230
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$45,000

Housing Units

Renter Percentage

8.3%

Occupancy Rate

87.8%

Renter Occupied

The ZIP code 67953, located in Kansas, is a suburban area that offers a stable environment for both residents and investors. With a mix of residential properties and a growing interest in affordable housing solutions, it presents a unique opportunity for landlords and small-portfolio investors looking to enter the market.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, providing a benchmark for rental pricing in the region.
Despite the lack of available market rent data, the FMR indicates a reasonable expectation for rental income in this ZIP code.
The median home value is currently not available, but given the FMR and the typical relationship between home values and rental rates, it suggests a middle-income neighborhood.
Renters make up 8.3% of the population, indicating a smaller but steady demand for rental properties.
The median income in the area is $45,000, which aligns with the affordability of the FMR, suggesting a viable tenant pool.

Investors can expect a modest yet predictable return on investment in ZIP 67953, with rental prices aligned closely to the FMR. The lower percentage of renters and the median income level suggest a need for properties priced at or below the FMR to attract tenants. Despite the limited availability of some key metrics, the data points to a manageable market with clear guidelines for setting competitive rental prices and identifying potential tenant demographics.

Data Sources: FMR data from HUD (2027). 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.