Location: Harper County, KS | Metro: Sumner County, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 67018 is located in the heart of the suburban landscape of Kansas, specifically encompassing parts of Topeka. This area is characterized by a relatively small population of only 65 residents, which immediately suggests a tight-knit community with low demand for rental properties. Notably, there are no reported renters in the ZIP code, indicating that nearly all homes are owner-occupied. The median income and median home value data are not available, which makes it challenging to gauge the economic status and housing costs of the area.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 67018 as of the fiscal year 2024 is set at $950. However, without specific market rent data, it's difficult to compare how this figure aligns with the local rental market. Given the absence of renters and the lack of detailed income and home value data, it's reasonable to infer that the rental market is underdeveloped and potentially inactive.
Considering these factors, ZIP 67018 would likely be a poor fit for a hands-off voucher operator due to the extremely limited number of potential tenants. The scarcity of renters and the lack of comprehensive economic data suggest that any investment in rental properties would require a hands-on approach to attract and retain tenants. A value-add buyer might find opportunities to develop rental properties, but they should be prepared for a niche market with unique challenges and low competition.
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.