Location: Brown County, KS | Metro: Atchison County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 66424 stands out due to its unique demographic and economic characteristics. With only 486 residents, it has a rental rate of 19.8%, indicating that most homeowners prefer to own rather than rent. The median income here is $58,553, which is relatively modest compared to the median home value of $179,524, suggesting a significant portion of household budgets is dedicated to housing.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. This is notably higher than the current market rent of $707, based on Census American Community Survey data. Landlords and small-portfolio investors should take note of this discrepancy, as it indicates a potential opportunity to receive slightly above-market rents through Section 8 vouchers without necessarily increasing vacancy rates. However, the gap between the FMR and market rent must be carefully considered when setting rental prices to ensure they remain attractive to tenants.
The data signature for ZIP 66424 reads as stable. Despite the relatively low number of residents, the rental market does not appear to be volatile. The modest income levels coupled with high median home values suggest a community where housing costs are a critical consideration. Investors should focus on properties that offer good value and are well-maintained to attract tenants. Additionally, understanding local employment trends and how they might impact tenant stability will be crucial for long-term success in this ZIP code.
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.