Location: Jewell County, KS | Metro: Jewell County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
52.4% of residents in ZIP code 66970 are renters, indicating a strong demand for rental properties. In this area, the Fair Market Rent (FMR) for metro FY 2026 is set at $980, which serves as a benchmark for rental pricing. The median home value stands at $165,911, suggesting that real estate in this region is relatively affordable compared to other areas. With a median income of $29,205, it's clear that many residents rely on assistance programs to meet their housing needs. While the exact days on market (DOM) and the percentage of price-cut share are not available, these factors can be critical in assessing the local real estate market's health and activity levels. Landlords and small-portfolio investors should take note of the $980 FMR as it directly impacts the maximum allowable rent for Section 8 vouchers. The significant renter share of 52.4% also points towards a robust tenant pool, making it an attractive area for investment. Given the median income and the fact that the majority of residents are renters, the potential for Section 8 participation is high. Investors should consider the lower median home value when evaluating property acquisition costs, as it can provide opportunities for acquiring assets at a lower price point. However, they must also factor in the local economic conditions and the reliance on assistance programs when setting rental prices. For those interested in Section 8 properties, the area presents a viable opportunity due to the high renter share and the alignment of median income with the FMR. In conclusion, ZIP 66970 is a suitable location for Section 8 investments.
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.