Skip to main content
Loading page
Sedgwick County/Wichita/67218

67218

ZIPSAFMR
Sedgwick County, KS
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$740$720
1 BR$780$790
2 BR$990$1,030
3 BR$1,310$1,320
4 BR$1,620$1,580
5 BR$1,863Not available
6 BR$2,142Not available
7 BR$2,464Not available
8 BR$2,833Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$990
Market rent$1,050
Est. payment standard (104%)Used$1,030
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.03
1 BR
0.99
2 BR
0.94
3 BR
0.98
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 67218 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 67218 (Wichita, KS) is $990 a month. That is down 1.0% from $1,000 in FY 2026. Wichita is in the Wichita, KS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 58 ZIP codes in Sedgwick County, 67218 has the 51st-highest two-bedroom rent (county range $960–$1,560). The median county two-bedroom FMR in Kansas is $961, so ZIP 67218 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 67218
BedroomsFY 2027Change90–110% range
Studio$740+4.2%$666–$814
1BR$780+1.3%$702–$858
2BR$990−1.0%$891–$1,089
3BR$1,3100.0%$1,179–$1,441
4BR$1,6200.0%$1,458–$1,782

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 67218
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$780$990$1,310$1,620
FY 2026$710$770$1,000$1,310$1,620
FY 2025$630$700$920$1,210$1,480
FY 2024$640$720$940$1,240$1,510
FY 2023$590$670$880$1,170$1,420

Two-bedroom rent in nearby Sedgwick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 67218
67211$1,010+2.0%
67212$1,090+10.1%
67213$1,020+3.0%
67214$960−3.0%
67215$1,510+52.5%
67216$960−3.0%
67217$1,060+7.1%
67218Current$990—
67219$1,130+14.1%
67220$1,000+1.0%
67221$1,000+1.0%
67223$1,480+49.5%

Questions about ZIP 67218 rents

How much will Section 8 pay for a two-bedroom in ZIP 67218?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $990, that basic range is $891 to $1,089 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 67218 in?

ZIP 67218 is in the Wichita, KS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 67218 for FY 2027?

The two-bedroom FMR fell 1.0%, from $1,000 in FY 2026 to $990 in FY 2027. Since FY 2023 it has risen 12.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentWichita, KS fair market rentKS statewide rentsWhat is SAFMR?Data sources