Location: Marshall County, KS | Metro: Marshall County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 66438, located within the Marshall County, KS metro, has a Federal Market Rent (FMR) of $980 for fiscal year 2026. This figure is crucial for landlords and small-portfolio investors who operate under the Section 8 housing program. Despite the lack of specific market rent and home value data for ZIP 66438, its FMR can be used as a benchmark to understand its position relative to other ZIP codes in the county.
The 30.9% renter share indicates that nearly one-third of the residents in ZIP 66438 are renters. This percentage is relatively high and suggests that there is a significant demand for rental properties in this area. When comparing this to typical ZIP codes in Marshall County, KS, it's important to note that without precise market rent and home value data, we must rely on the FMR and renter share to make informed inferences.
Given that the FMR is set at $980, it suggests that ZIP 66438 could be considered a mid-tier neighborhood within its metro. The FMR is designed to reflect the cost of housing in areas where low-income families can find decent quality housing at reasonable prices. Therefore, it is likely that the overall cost of living and property values in 66438 align closely with the average expectations for the county, neither being exceptionally high nor low.
The absence of market rent and home value data complicates a direct comparison with other ZIP codes in the area. However, the high renter share combined with an FMR that is not marked as above average implies that 66438 could serve as a value pocket for Section 8 tenants. Landlords and investors should consider that while the FMR might not indicate premium pricing, the substantial number of renters could provide a stable and reliable source of income through the Section 8 program.
In conclusion, ZIP 66438 appears to be a mid-tier neighborhood within the Marshall County, KS metro, characterized by a moderate FMR and a notably high renter share. These factors suggest that it is a suitable location for those interested in leveraging the Section 8 program for steady investment returns.
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.