Location: Wichita, KS | Metro: Wichita, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The median housing value in ZIP 67012, Beaumont, Kansas, stands at $254,700, which is notably below the U.S. median housing value of $338,100. Despite this lower valuation, the housing market in Beaumont has shown resilience and growth, with a house appreciation rate of 14.42% over the last year, surpassing the national average.
In terms of rental market, the median monthly rent for various types of properties in ZIP 67012 is as follows: studio apartment at $550, 1-bedroom home or apartment at $620, 2-bedroom home or apartment at $820, 3-bedroom home or apartment at $1,080, and 4-bedroom home or apartment at $1,320. Comparatively, the HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $880. This indicates that voucher tenants would cashflow positively in 2-bedroom units or smaller, but larger units would likely require premium pricing to ensure positive cashflow.
The median age of homes in Beaumont is 40 years, which is slightly younger than the U.S. median of 42 years. This older housing stock suggests that renovations or upgrades might be necessary to attract tenants and maintain property values. The rent-to-price ratio can be derived from the median home value and median rent figures, but without a specific market rent figure for comparison, it's challenging to provide a precise ratio.
Regarding the days on market (DOM) and price cut shares, the data is currently unavailable. However, these metrics are crucial for understanding the dynamics between renting and buying, especially in areas where housing appreciation rates are high.
The strongest investment angle in ZIP 67012 is stability, given the significant increase in home appreciation rates over the past year and the potential for continued growth. This makes it a reliable choice for small-portfolio investors seeking steady returns.
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.