Location: Greenwood County, KS | Metro: Greenwood County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The Section 8 market in ZIP code 66855, located in the Greenwood County area of Kansas, presents a unique opportunity for investors. The Fair Market Rent (FMR) set by HUD for the metro scope in fiscal year 2026 is $880. However, the market rent data for this area is currently unavailable, making it challenging to provide a direct comparison.
Despite the lack of market rent figures, we can infer that voucher tenants would likely cashflow at FMR levels, given the typically lower cost of living in rural areas such as Greenwood County. This suggests that properties priced around the FMR should see positive cash flow without requiring significant premium pricing.
The median home value in this ZIP code is also not available, which means we cannot calculate an exact rent-to-price ratio. However, based on the historical trends of similar rural markets, it's reasonable to expect that rental income would be a substantial portion of the home value, supporting a strong investment case for rental properties.
Additionally, the days on market (DOM) and the percentage of price cuts are not available, but these metrics are generally less critical in stable rural markets where housing turnover is slower compared to urban areas. The primary focus for investors should be on the long-term stability and potential for consistent cash flow.
The strongest investor angle in ZIP 66855 is likely to be cash flow. Given the expected alignment between market rents and the HUD FMR, investors can secure steady, positive cash flow from their rental properties without needing to rely on high-end, premium units. This makes the area attractive for those looking to build a sustainable portfolio of rental properties.
Data Sources: FMR data from HUD (2027).
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.