Location: Greenwood County, KS | Metro: Greenwood County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,190 |
| 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)
0.0% of the population in ZIP 66863 rents their homes, indicating a predominantly owner-occupied market. This statistic is crucial for landlords and small-portfolio investors looking to gauge the local rental demand. Despite the low renter share, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which provides a benchmark for rental pricing. The FMR is determined by HUD and represents the maximum amount a Section 8 voucher holder can pay towards rent. Given that the market rent data is currently unavailable, investors must rely on the FMR as a guideline for setting competitive rental rates. Similarly, the lack of median home value data suggests that the real estate market in this area might be less robust compared to other regions, but the FMR still offers a solid foundation for investment decisions. The absence of median income data means that assessing the financial stability of potential tenants based on income levels is challenging; however, the Section 8 program ensures that eligible participants receive subsidies to cover the difference between their rent contribution and the FMR. With no Days on Market (DOM) data available, it's difficult to assess how quickly properties are being rented out, but the low renter share implies a potentially slower turnover rate. Lastly, the unavailability of the percentage of price-cut share data makes it hard to evaluate the frequency of price reductions in the rental market, but the low renter share suggests that landlords may have to be cautious about pricing to attract tenants. In summary, while there is limited data for ZIP 66863, the $880 FMR provides a reliable anchor for rental investments. The Section 8 program remains a viable option for landlords willing to participate, given the guaranteed payment structure.
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.