Location: Chase County, KS | Metro: Chase County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 66862 stands out due to its unique demographic profile. With only 68 residents, it represents one of the smallest communities tracked in our analysis. The rental market here is notably small, with just 9.1% of residents renting their homes. Given the lack of available data on median income and median home value, it's challenging to paint a detailed picture of the economic landscape. However, we can delve into the specifics of the Section 8 housing voucher program to provide insights relevant to landlords and small-portfolio investors.
In ZIP 66862, the Fair Market Rent (FMR) for a metro area in fiscal year 2026 is set at $880. This figure contrasts with the current market rent, which is reported at $950 according to the Census ACS. This $70 gap between the FMR and the actual market rent suggests that landlords participating in the Section 8 program will see a slight shortfall compared to what they could potentially earn in the open market. However, the program offers stability and ensures timely payments, which can be a significant advantage in such a small and potentially volatile rental market.
The data signature for ZIP 66862 reads as "stable." Despite the limited size of the rental market, the consistent presence of a small number of renters indicates a steady demand for affordable housing. The voucher program can serve as a reliable source of tenants for landlords who might otherwise struggle to fill units in a tight rental pool. Moreover, the small population size means that any significant changes in the housing market would likely be noticed quickly, allowing for prompt adjustments to investment strategies.
For landlords and small-portfolio investors considering participation in the Section 8 program in ZIP 66862, the key takeaway is that while the financial returns might be slightly lower than the market rate, the program provides a stable and predictable income stream. This can be particularly beneficial in a small and potentially less dynamic rental market where finding and retaining tenants can be challenging.
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.