Section 8 Fair Market Rent (FMR) for ZIP 80744 - 2027

Location: Sedgwick County, CO | Metro: Phillips County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$860
2 Bedrooms	$1,130
3 Bedrooms	$1,350
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

615

Median Household Income

$50,588

Housing Units

258

Renter Percentage

26.9%

Occupancy Rate

93.8%

Renter Occupied

ZIP code 80744 lies within the Sedgwick County, CO metro area. Its Federal Market Rent (FMR) of $1,040 for fiscal year 2026 indicates that it is slightly above the average market rent of $890, suggesting a moderate rental price environment compared to other ZIP codes in the county. The median home value in 80744 is $124,914, which is relatively low when considering typical home values in Sedgwick County.

The renter share in 80744 stands at 26.9%, higher than the average for many ZIP codes in the county. This combination of a higher-than-average renter share and below-average home values points to a potential value pocket for Section 8 real estate investors. Landlords and small-portfolio investors can benefit from the lower property costs while still having a decent number of potential tenants who qualify for housing assistance.

To further clarify its position within the Sedgwick County, CO metro, here's a summary:

Federal Market Rent (FMR): $1,040, indicating a slight premium over the market rent but not excessively so.
Market Rent: $890, which is below the FMR, showing a gap where landlords could potentially charge more if demand is strong.
Home Value: $124,914, significantly lower than what might be expected in a typical ZIP code, offering a cost-effective entry point for investors.
Renter Share: 26.9%, a notable percentage that suggests a substantial portion of the population relies on rental properties, including those supported by Section 8 vouchers.

The divergence between the higher renter share and the below-average home values in 80744 marks it as a favorable location for Section 8 investments. It is neither a premium sub-market nor a mid-tier neighborhood, but rather a value pocket where investors can acquire properties at a lower cost while still serving a significant portion of the renter community.

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.