Location: Brown County, KS | Metro: St. Joseph, MO-KS MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The classification of ZIP code 66017, located in Kansas, hinges on the analysis of its yield and stability metrics. The Fair Market Rent (FMR) for ZIP 66017 in fiscal year 2024 is set at $880. This figure represents the maximum amount that a tenant can be expected to pay under the Section 8 program. However, the lack of market rent and median home value data limits a comprehensive comparison with non-subsidized rental markets, making it challenging to gauge the relative yield advantage.
Moving to stability, the percentage of renters in ZIP 66017 stands at 8.8%, indicating a relatively low proportion of residents who might rely on rental assistance. The average daily days on market (DOM) data is unavailable, which would have been crucial in assessing how quickly properties can be rented out. The median household income for the area is $68,750, suggesting a moderate economic base that supports some rental demand but does not necessarily indicate high volatility.
Given the available data, ZIP 66017 leans towards being a steady-cashflow zone. The FMR of $880 provides a reliable income stream for landlords participating in the Section 8 program. With a modest renter population and a moderate median income, the risk of significant rent default or vacancy is reduced. While the absence of market rent and DOM data introduces uncertainty, the existing figures suggest a stable environment where consistent cash flow is likely, rather than a high-yield but volatile market typical of 'flip-style' investments.
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.