Location: Harper County, KS | Metro: Barber County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP code 67009, located within the Harper County, KS metro area, presents a unique snapshot when compared against typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 67009 stands at $880, which is notably higher than the market rent figure of $659. This suggests that while government subsidies might be generous, the private rental market is less expensive, potentially indicating a niche market for subsidized housing.
The median home value in ZIP 67009 is $84,653, which is likely below the average home value across the broader Harper County metro area. Coupled with a renter share of 27.2%, this ZIP code appears to have a significant portion of its population relying on rental properties, including those supported by Section 8 vouchers. This combination of lower home values and a substantial renter share can often signal an attractive opportunity for landlords who are willing to participate in the Section 8 program, as it ensures a steady stream of tenants with guaranteed income.
Given the specific figures, ZIP 67009 seems to function as a value pocket within its metro area. It offers lower entry barriers for home purchases and has a market rent that is below the FMR, suggesting a segment of the market where government assistance plays a crucial role in making housing affordable. For small-portfolio investors looking to leverage Section 8 vouchers, this ZIP code could present a strategic investment opportunity due to its alignment with the needs of low-income renters and the potential stability of cash flow from subsidized tenancy.
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.