Location: Woodson County, KS | Metro: Greenwood County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 66870 represents a suburban neighborhood located in Kansas. With a total population of 121, it is a small community where 33.3% of residents are renters. The median household income in this area stands at $34,375, indicating a modest economic profile.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. This figure serves as an important benchmark for landlords and investors interested in Section 8 properties, as it reflects the maximum rental amount that can be charged under the program. Notably, there is no available data on the median home value or the market rent in ZIP 66870, which suggests that the housing market here might be less active or documented compared to larger urban areas.
Given the limited population and the percentage of renters, ZIP 66870 would likely suit a hands-off voucher operator. The modest median income aligns well with the FMR, making it feasible for residents to participate in the Section 8 program without significant financial strain. For hands-on value-add buyers, the lack of detailed market data presents both challenges and opportunities. While it's harder to gauge the exact potential for increasing property values or rents, the low population density and the presence of a steady demand from renters could be advantageous for those willing to manage their properties closely and adapt to the local needs.
To summarize, ZIP 66870 offers a niche opportunity for Section 8 investors, particularly those who prefer a hands-off approach. The alignment between the FMR and the local economic conditions supports the viability of such investments. However, for those looking to actively manage and improve their properties, the area requires careful consideration due to the limited market data and smaller scale of operations.
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.