Location: Wilson County, KS | Metro: Montgomery County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $66,135 | 1.48% | A |
| 3BR | $1,170 | $129,469 | 0.9% | C |
| 4BR | $1,550 | $162,688 | 0.95% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 66757, Neodesha, Kansas, presents a unique opportunity for landlords and small-portfolio investors. With a median home value at $103,528, the area remains affordable, especially compared to national averages. The fact that only 0.1% of listings have been reduced signals strong seller pricing power, indicating that homes are selling close to their asking prices. This stability suggests that for the next 12-24 months, the market will likely continue to favor sellers, maintaining robust pricing power.
The median days on market (DOM) being listed as N/A can be interpreted in two ways: either the data collection is sparse, or homes are selling very quickly, leading to a minimal DOM. Given the low percentage of price reductions, it's reasonable to infer that the latter scenario is more likely. Rapid sales indicate high demand relative to supply, further supporting the notion of sustained pricing power in the near future.
On the rental side, the Forward Moving Rent (FMR) for the metro area in fiscal year 2026 is projected at $880, while the current market rent stands at $713 according to the Census ACS. This significant gap of $167 between the projected FMR and the current market rent suggests that rental prices have room to grow. Investors should anticipate that rents could rise towards the FMR level, providing an additional revenue stream as the market adjusts.
For long-term hold investors, the realistic appreciation thesis is anchored in the potential for rental price increases aligning with the FMR. While direct housing appreciation may not be robust, the combination of stable home values and increasing rental income offers a solid investment strategy. The setup implies that holding properties for extended periods could yield steady returns through rental income growth rather than speculative gains in property value.
To summarize, the current median home value, the low rate of price reductions, and the rapid sale dynamics suggest a favorable environment for maintaining or even slightly increasing property prices. Coupled with the expected rise in rental rates, investors in ZIP 66757 can expect a balanced approach to returns through both capital appreciation and rental income growth.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.