Location: Marshall County, KS | Metro: Marshall County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The analysis of ZIP 66518, located in Marshall County, KS metro, reveals several key points for landlords and small-portfolio investors.
The rent math does not work in favor of landlords. The Fair Market Rent (FMR) for the area, set at $960 for fiscal year 2026, is the only figure available for comparison. Without a specific market rent figure, it's challenging to assess the profitability directly. However, given that the FMR is a benchmark for affordability and is often below market rates, it suggests that landlords may need to offer competitive rental rates to attract tenants, potentially below the FMR of $960.
Acquisition in ZIP 66518 is not clearly affordable based on the provided data. With no specific median home value, days on market (DOM), or percentage of homes that have had their prices cut, it's difficult to gauge the overall cost and competitiveness of buying properties in this area. Landlords would need to conduct further research to determine if the acquisition costs align with their investment goals.
Tenant demand is relatively low in ZIP 66518. The total population of 211 indicates a small market size, with only 11.1% of residents being renters. This suggests a limited pool of potential tenants, which could make it challenging to fill vacancies and maintain consistent occupancy rates.
Verdict: Investing in ZIP 66518 presents challenges due to uncertain market rent dynamics, unclear acquisition costs, and a low tenant demand. The FMR of $960 is the primary anchor point but does not guarantee profitability without understanding the local market rent. Landlords should proceed with caution and conduct thorough local market research before committing to investments in this area.
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.