Location: Morris County, KS | Metro: Morris County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
ZIP code 66873, located within the Morris County, KS metro area, presents an interesting case when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for 66873 stands at $950 for fiscal year 2026, which is a critical figure for landlords and investors considering the Federal Housing Assistance program. However, the lack of reported market rent data for this ZIP code suggests that it may not be heavily populated or that rental market data is less robust here.
The median home value in 66873 is $124,449. This figure is indicative of the overall property value in the area, suggesting that homes here are priced below average for the county. It's important to note that lower home values can be advantageous for investors looking to acquire properties at a lower cost, potentially increasing the profit margin on rental income.
The renter share in 66873 is 2.1%, which is relatively low compared to many other ZIP codes within the county. A low renter share might imply that fewer residents are likely to be seeking rental assistance through programs such as Section 8. However, the combination of a moderate FMR with a lower median home value could still present opportunities for investors who cater to the needs of those eligible for housing assistance.
Given the specific figures, 66873 appears to be a value pocket within the Morris County, KS metro. The lower home values and moderate FMR suggest that while it may not attract a large number of renters, it can offer a good opportunity for investors who want to enter the market without facing the high costs associated with premium sub-markets. Additionally, the potential for Section 8 tenants, despite the low renter share, means that landlords can secure a steady stream of income with government subsidies.
To summarize, ZIP code 66873 offers a unique mix of affordability and moderate rental support potential, making it a strategic location for investors focused on maximizing returns while minimizing acquisition costs.
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.