Location: Republic County, KS | Metro: Republic County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
5.9% of the residents in ZIP code 66959 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which provides a benchmark for rental pricing in the area. Despite the lack of specific data on market rent and median home values, the median income of $54,750 offers insight into the financial capacity of potential tenants. This figure suggests that the majority of residents can afford rents up to the FMR, supporting the viability of rental investments. However, without day DOM (days on market) and percentage price-cut share data, it's challenging to gauge the speed of property turnover and the necessity for price adjustments in the local real estate market. For landlords and small-portfolio investors looking to capitalize on the Section 8 housing choice voucher program, the FMR serves as a crucial reference point. Properties priced at or below $880 per month can attract tenants who qualify for the program, ensuring steady occupancy and a reliable income stream. Given the median income, there is a significant portion of the population eligible for Section 8 assistance, making such properties attractive investment opportunities. The absence of detailed market data limits a comprehensive analysis but does not detract from the fundamental attractiveness of the area for Section 8 rentals.
Based on the available data, ZIP code 66959 presents a favorable environment for Section 8 rentals, with the median income aligning well with the FMR.
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.