Location: Washington County, KS | Metro: Washington County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The classification of ZIP code 66958 hinges on its rental market dynamics and stability indicators, which are critical for landlords and small-portfolio investors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure contrasts sharply with the market rent of $500, indicating a potential for higher yields if properties can be rented at closer to the FMR. However, the absence of home value data suggests that the market may be predominantly rental-focused, lacking significant opportunities for flipping properties into owner-occupied homes.
Moving to the stability axis, ZIP 66958 presents a mixed picture. The rental rate of 18.8% implies a substantial portion of residents are tenants, which is positive for maintaining a consistent demand for rental properties. Unfortunately, the lack of data regarding days on the market (DOM) leaves a gap in assessing how quickly vacancies might be filled, which is crucial for cash flow predictability. The median household income of $77,750 provides a stable economic foundation, supporting the ability of tenants to meet their rental obligations regularly.
Given these specifics, ZIP 66958 appears to be more of a steady-cashflow zone rather than a high-yield/low-stability market suitable for flipping. The strong rental demand and median income levels suggest a reliable tenant base capable of sustaining regular rental payments. While there's potential for higher yields by renting closer to the FMR, the absence of DOM data and the focus on rentals rather than home values indicate less volatility and fewer risks associated with rapid property turnover or market fluctuations.
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.