Location: Washington County, KS | Metro: Marshall County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,230 |
| 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 ZIP code 66412 presents a dynamic rental market that is currently defined by several key factors. The Fair Market Rent (FMR) for the area, set at $890 for fiscal year 2026, indicates the government's benchmark for affordability and provides a reference point for landlords and investors. Although specific data on market rent and the percentage of price-cut share are not available, the absence of these figures can be interpreted as either a lack of significant market activity or an indication that the rents are relatively stable and close to the FMR.
A notable aspect of the ZIP 66412 market is the 11.3% renter share, which suggests that a substantial portion of the population opts for renting over homeownership. This statistic points towards ongoing housing pressure, particularly if we consider the broader implications for long-term housing trends. A higher renter share often correlates with challenges in homeownership, such as affordability issues or a preference for mobility among residents. This dynamic can create a persistent demand for rental properties, making it a potentially attractive market for landlords and small-portfolio investors.
The days on market (DOM) and median home value data being unavailable also provide insight into the current state of the market. Typically, a high DOM would indicate a sluggish sales environment, whereas a low DOM might suggest a robust demand for homes. The lack of median home value data could imply that the housing market is less active compared to the rental sector, reinforcing the idea that this area is more oriented towards renting.
In summary, ZIP 66412 appears to be a market where the rental sector is likely experiencing steady demand, driven by a significant renter share and possibly influenced by broader economic factors affecting homeownership. For those considering investment, focusing on rental properties aligns well with the observed dynamics, ensuring a consistent income stream without the need to speculate on future trends.
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.