Location: Pratt County, KS | Metro: Pratt County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The market in ZIP code 67021 presents a dynamic environment that is currently defined by the snapshot of available data points. The Fair Market Rent (FMR) stands at $920 for fiscal year 2026, which is indicative of the rental prices deemed fair by HUD for the area. While the current market rent and days on market (DOM) are not specified, the absence of these figures suggests either limited data availability or a relatively stable market without significant fluctuations.
The median home value is also unspecified, which could imply a diverse range of property values in the area or a lack of comprehensive data. However, the key insight comes from the 7.7% renter share, a figure that speaks volumes about the local housing landscape. This percentage indicates that a smaller portion of the population opts for renting over owning, suggesting a potential for lower long-term housing pressure. Landlords and small-portfolio investors should note that this low renter share might reflect a preference for homeownership among residents, which can influence the demand for rental properties.
In a market where the renter share is only 7.7%, it is likely that the demand for rental units is relatively modest compared to areas with higher percentages. This scenario could mean that supply slightly outpaces demand, as fewer individuals seek rental options. For investors, this implies a need to focus on niche markets or specific types of rental properties that cater to the needs of the local renters. It's crucial to understand that while the overall demand for rentals may be lower, there could still be pockets of high demand for certain types of rental properties, such as those close to employment centers or with unique amenities.
The dynamics of ZIP 67021 suggest a balance between rental and ownership preferences, with a slight tilt towards homeownership. This balance creates an opportunity for investors to analyze the local market deeply, identify gaps, and target their investments accordingly. By focusing on the specific needs of the 7.7% of renters, landlords can position themselves to capture a steady stream of tenants in a market that, while not highly pressured, still offers opportunities for strategic investment.
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.