Location: Atchison County, KS | Metro: Atchison County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 66016 presents a nuanced scenario for landlords and small-portfolio investors, particularly when considering the interplay between home values and rental market dynamics. The median home value stands at $323,473, indicating a stable base for property investments. However, the absence of percentage data on listings that have been reduced and the median days on market (DOM) suggest a lack of recent downward price pressure and a steady market pace.
This stability in home values signals that landlords and investors can maintain their pricing power over the next 12-24 months without significant adjustments. There's an implicit suggestion that the market is neither overheating nor cooling rapidly, which means that the value of properties is likely to remain consistent, barring any unforeseen economic shifts.
On the rental side, the Fair Market Rent (FMR) for the metro area is projected to be $910 in fiscal year 2026. While specific market rent figures are not provided, the FMR serves as a benchmark for rental pricing. For long-term hold investors, the setup suggests that maintaining rents at or slightly above the FMR could ensure a steady income stream, assuming the broader economic conditions remain favorable.
A realistic appreciation thesis for ZIP 66016 would focus on the potential for gradual growth rather than rapid increases. Given the current median home value and the steady rental market, there is a reasonable expectation that property values will appreciate incrementally over time. This appreciation is contingent upon factors such as local economic health, job growth, and demographic trends, all of which contribute to the demand for housing and rentals.
In summary, the data points to a market where landlords and small-portfolio investors can expect to maintain their current pricing strategies both for sales and rentals. The setup supports a conservative growth outlook, making it a suitable environment for those looking to hold properties for the long term and benefit from steady, if not spectacular, returns.
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.