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Sedgwick County/Wichita/67235

67235

ZIPSAFMR
Sedgwick County, KS
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,210
1 BR$1,230$1,310
2 BR$1,560$1,630
3 BR$2,070$1,650
4 BR$2,560$1,840
5 BR$2,944Not available
6 BR$3,386Not available
7 BR$3,893Not available
8 BR$4,477Not available

Purchase Price Calculator

Maximum purchase price
$180,301

Cost breakdown

+Likely effective rent$1,630
HUD FMR$1,560
Market rent$1,670
Est. payment standard (105%)Used$1,630
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.90
2 BR
0.93
3 BR
1.25
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 67235 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 67235 (Wichita, KS) is $1,560 a month. That is down 5.5% from $1,650 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, 67235 is tied for the highest two-bedroom rent (county range $960–$1,560). The median county two-bedroom FMR in Kansas is $961, so ZIP 67235 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 67235
BedroomsFY 2027Change90–110% range
Studio$1,160−0.9%$1,044–$1,276
1BR$1,230−3.9%$1,107–$1,353
2BR$1,560−5.5%$1,404–$1,716
3BR$2,070−4.6%$1,863–$2,277
4BR$2,560−4.5%$2,304–$2,816

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 67235
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,230$1,560$2,070$2,560
FY 2026$1,170$1,280$1,650$2,170$2,680
FY 2025$1,030$1,140$1,490$1,950$2,390
FY 2024$1,040$1,160$1,530$2,010$2,470
FY 2023$920$1,060$1,380$1,830$2,230

Two-bedroom rent in nearby Sedgwick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 67235
67217$1,060−32.1%
67218$990−36.5%
67219$1,130−27.6%
67220$1,000−35.9%
67221$1,000−35.9%
67223$1,480−5.1%
67226$1,340−14.1%
67227$1,420−9.0%
67228$1,280−17.9%
67230$1,5600.0%
67232$1,250−19.9%
67235Current$1,560—

Questions about ZIP 67235 rents

How much will Section 8 pay for a two-bedroom in ZIP 67235?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 67235 in?

ZIP 67235 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 67235 for FY 2027?

The two-bedroom FMR fell 5.5%, from $1,650 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 13.0%.

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