Location: Coffey County, KS | Metro: Anderson County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 66093 represents a small, tight-knit community with a total population of just 576 residents. Only 5.6% of these residents are renters, indicating that it is primarily a homeownership-driven area. The median household income stands at $65,903, which is above the national average, suggesting that the area is economically stable and has a good standard of living. Median home values are recorded at $258,600, reflecting a modest but comfortable housing market.
Despite the low percentage of renters, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $900. This figure is crucial for Section 8 investors as it determines the maximum rental assistance payment landlords can receive. However, the absence of specific market rent data for ZIP 66093 makes it challenging to assess how competitive this FMR is against local rates. Given the small size of the population and the high homeownership rate, it's reasonable to assume that market rents could be lower, making the FMR an attractive benchmark for landlords.
For hands-off voucher operators, ZIP 66093 presents a niche opportunity. With a small number of potential tenants and limited competition, securing Section 8 tenants might be straightforward. However, the economic stability of the area means that there is also potential for hands-on value-add buyers who could improve properties and potentially charge slightly higher rents while still benefiting from the FMR.
In summary, ZIP 66093 is best suited for hands-off investors due to its small size and low rental demand. However, the presence of a modest median home value and a decent median income suggests that hands-on investors could find success by adding value to their properties and attracting tenants willing to pay closer to the FMR of $900. The key to success in this area will be understanding the local dynamics and leveraging the FMR effectively.
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.