Location: Woodson County, KS | Metro: Coffey 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 | $830 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $74,237 | 1.29% | A |
| 3BR | $1,290 | $144,338 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 66783, located in Yates Center, KS, presents a unique opportunity for real-estate investors considering the dynamics of yield and stability.
On the yield axis, the area shows significant potential. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. This figure stands out when compared to the local market rent of $615. The disparity suggests that there is room for increasing rental rates closer to the FMR, thereby enhancing the potential yield. Additionally, the median home value in the area is $122,483, which is relatively low, indicating that property acquisition can be made at a lower cost, further boosting the yield potential.
Moving to the stability axis, the ZIP code reveals a mixed picture. With only 17.4% of the population being renters, the market has a limited pool of potential tenants, which could lead to higher vacancy rates and less stable cash flow. However, the average household income of $48,068 provides some assurance regarding the ability of residents to pay rent, even if it's at a slightly higher rate. The lack of data on the number of days on market (DOM) makes it difficult to assess how quickly properties can be rented out, but the income level suggests that those who do rent will likely have the financial means to do so consistently.
Given these factors, ZIP 66783 appears to be a market that leans towards a steady-cashflow zone. While the yield potential is strong due to the disparity between the FMR and market rent, the limited rental population indicates a need for careful management to ensure consistent occupancy. The relatively low home values also suggest that property flipping might not be as lucrative here as in other markets, given the smaller gap between purchase price and potential resale value. Therefore, focusing on long-term rental strategies would be more beneficial, ensuring a steady stream of income without the volatility associated with flipping properties.
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.