Location: Cowley County, KS | Metro: Cowley County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
16.3% of renters in ZIP code 67023 represent a significant portion of the housing market, making it crucial for landlords and small-portfolio investors to understand their needs. $950 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, indicating the maximum amount that can be charged for a Section 8 voucher in this region. This figure is notably higher than the $438 market rent reported by the Census Bureau's American Community Survey (ACS), suggesting a potential gap where Section 8 vouchers could cover more than the average rental cost. While the median home value is listed as N/A, the median income of $95,625 provides insight into the financial stability of residents, which can influence rental demand and payment reliability. The N/A-day Days on Market (DOM) and N/A% price-cut share suggest limited data on single-family home sales, but they do not necessarily indicate a sluggish market. Instead, these metrics highlight the importance of focusing on rental properties rather than speculative purchases. Given the higher FMR compared to the market rent, landlords can expect a steady stream of tenants willing to pay up to $950 per month through Section 8 vouchers. This makes ZIP 67023 an attractive investment for those looking to stabilize cash flows with government-backed rental assistance. In conclusion, for investors focused on the rental market, ZIP 67023 presents a favorable environment for Section 8 participation.
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.