Location: Washington County, KS | Metro: Manhattan, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 66933 in Washington County, Kansas, reveals a favorable cash flow scenario when compared to the HUD Fair Market Rent (FMR) of $1020 for FY 2024. The Census ACS data shows that the average market rent in this area is $810, indicating that voucher tenants will generate positive cash flow at the HUD FMR rate. This means landlords can expect to earn an additional $210 per unit above the local market rate.
To derive the rent-to-price ratio, we look at the median home value, which is currently not available (N/A). However, the absence of this figure does not significantly impact the analysis since the primary focus is on rental properties. The strong cash flow potential is a key factor for investors in this ZIP code.
The median days on market (DOM) and the percentage of homes that required a price cut are also not available (N/A). Despite these missing figures, the cash flow dynamics remain robust, making it less critical to consider the rent-versus-buy dynamics deeply. Given the positive cash flow potential, investors should prioritize acquiring properties that can command the higher FMR rates without substantial renovations.
The strongest investor angle in ZIP 66933 is cash flow. With the HUD FMR significantly exceeding the local market rent, landlords can secure stable income streams while benefiting from government-backed rental payments.
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.