Location: Allen County, KS | Metro: Allen County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 66732, located in Allen County, KS metro, reveals several key points that are crucial for landlords and small-portfolio investors.
First, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $880 for fiscal year 2026. However, due to the lack of available market rent data, it's challenging to make a direct comparison. Nonetheless, the FMR serves as a benchmark for rental pricing in federally assisted housing programs, indicating a minimum standard for rent in the area.
Second, on the topic of acquisition affordability, the data presents significant gaps. The median home value, days on market (DOM), and the percentage of homes with price reductions are all listed as 'N/A'. This absence of critical information makes it difficult to assess the ease or cost of acquiring properties in this ZIP code. Landlords and investors should seek out additional local real estate market reports to fill these informational voids.
Third, concerning tenant demand, the ZIP code has a total population of 294, with only 3.7% of residents being renters. This low renter share suggests limited demand for rental properties, which could be a drawback for investors looking to enter the rental market in this area.
Verdict: Investing in ZIP 66732 poses challenges due to the limited availability of detailed market data and a notably low renter population. While the FMR provides a baseline for rental pricing, the scarcity of renters means that there might not be enough demand to sustain a rental property. Furthermore, the lack of data on median home values, DOM, and price-cut shares complicates the assessment of property acquisition costs. Investors should proceed with caution and conduct thorough local research before committing resources to this market.
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.