Location: Greenwood County, KS | Metro: Greenwood County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
In ZIP code 66853, there are several potential issues that could affect the viability of a Section 8 investment. First, tenant turnover is likely to be higher due to the disparity between the market rent at $725 and the Fair Market Rent (FMR) at $880 for fiscal year 2026. This difference indicates that tenants might struggle to cover the additional costs required beyond the subsidy, leading to frequent moves.
Vacancy exposure is another significant concern. The average Days on Market (DOM) for properties in this area is not available, which suggests a lack of consistent data on how long it takes to rent out units. This uncertainty can lead to periods of non-rental income, increasing financial risk.
The deferred maintenance exposure is also noteworthy. With a median income of $51,875 and no typical home value data available, it's challenging to assess the financial health of homeowners in the area. However, lower incomes generally correlate with less disposable cash for maintaining properties, potentially resulting in higher maintenance costs for landlords.
Despite these challenges, the high concentration of renters, comprising 14.2% of the population, typically translates into robust demand for rental housing. This high renter density often means a larger pool of Section 8 voucher holders looking for suitable accommodation, which can help mitigate some of the risks associated with tenant turnover and vacancy rates.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 66853.
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.