Location: Neosho County, KS | Metro: Neosho County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The rental landscape in ZIP code 66740 presents a unique set of challenges and opportunities for both renters and landlords. The median income figure is currently unavailable, which makes it difficult to assess the average household's financial capacity. However, the market rate for rentals is also listed as N/A, indicating a lack of comprehensive data on the typical rent prices in the area.
In comparison to the voucher payment standard, which stands at $1,030 for the metro area in fiscal year 2026, the situation becomes clearer. This fixed payment amount represents a stable income source for landlords willing to accept housing vouchers. Given the limited data on local market rates, the voucher standard could be seen as a benchmark for affordable rents in the area.
The ZIP code has a relatively low percentage of renters at 8.3%, with a total population of 236. This suggests a smaller pool of potential tenants, which could lead to increased competition among landlords. The affordability gap, while not precisely quantifiable without specific market rate data, implies that some households may struggle to pay market rates, if they are indeed higher than the voucher amount.
For landlords considering their strategy regarding voucher acceptance versus relying on cash-paying tenants, the key takeaway is to recognize the stability and predictability that vouchers offer. Vouchers guarantee a steady income based on the FMR of $1,030, which can be advantageous in an uncertain market. On the other hand, the scarcity of data on local market rates means that cash-paying tenants might provide higher rents but come with the risk of fluctuating demand and potentially longer vacancy periods. Landlords should weigh the benefits of guaranteed lower but stable income against the possibility of higher variable income from cash-paying tenants.
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.