Location: Nemaha County, KS | Metro: Nemaha County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The market in ZIP code 66417, characterized by a Fair Market Rent (FMR) of $950 for fiscal year 2026, presents a snapshot of rental dynamics that can inform investment strategies. While specific data points such as market rent, price-cut share, days on market (DOM), and median home value are currently unavailable, the existing information provides insight into the local housing landscape.
The FMR serves as a benchmark for rental costs, indicating that landlords should aim to keep their rents competitive around this figure to attract tenants. A higher FMR compared to previous years could suggest an increasing demand for rental properties in the area, though without historical context, this remains an inference based on the latest available data.
The 10.7% renter share highlights a significant portion of the population that relies on rental housing. This percentage suggests that while homeownership is prevalent, there is a notable segment of renters, which can be indicative of long-term housing pressure. High renter shares often point towards areas where affordability issues or lifestyle choices favor renting over owning, potentially signaling sustained demand for rental properties.
Despite the absence of precise supply and demand metrics, the presence of a defined FMR and the relatively high renter share imply a market where demand for rental units is likely steady or growing. Landlords and small-portfolio investors should focus on maintaining competitive pricing and ensuring properties meet quality standards to remain attractive in what appears to be a moving market.
To further understand the dynamics of ZIP 66417, it's crucial to monitor trends in renter share and FMR adjustments. These indicators will help clarify whether the market is shifting towards greater demand or if supply is catching up, affecting rental prices and property values.
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.