Location: Woodson County, KS | Metro: Allen County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
ZIP 66758, located in Woodson County, KS, presents a unique opportunity for inclusion within a Section 8 portfolio strategy. This area should be considered primarily as an appreciation play, despite the lack of specific data points on price-cut share and days on market (DOM).
The median income in ZIP 66758 is $50,750, which aligns well with the Federal Market Rent (FMR) for the metro area, set at $1,290 for fiscal year 2026. The FMR is higher than the current market rent of $925, indicating a potential for future rental rate increases as the market adjusts to the FMR levels. This spread suggests that properties in this ZIP code could appreciate in value over time, making them a solid long-term investment.
While there is no median home value data available, the fact that the FMR exceeds the current market rent implies that the rental market has room to grow. As the local economy strengthens and rental rates rise to meet the FMR, property values will likely follow suit, providing landlords and small-portfolio investors with capital gains.
The renter share in ZIP 66758 stands at 15.7%. Although this figure is relatively low, it still represents a significant portion of the population that could benefit from Section 8 housing assistance. The presence of a stable, though modest, renter base supports the idea that this ZIP code can serve as an appreciation play rather than a cash-flow anchor or diversifier.
In conclusion, ZIP 66758 is best suited as an appreciation play within a Section 8 portfolio strategy. The potential for rental rates to increase towards the FMR level, combined with the existing modest but stable renter base, makes this ZIP code a promising investment for those looking to capitalize on future growth in the housing 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.