Location: Comanche County, KS | Metro: Comanche County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $68,383 | 1.52% | A+ |
| 3BR | $1,360 | $101,899 | 1.33% | A |
U.S. Census Bureau data (2024)
The analysis of ZIP 67029, which includes Coldwater, KS, and the surrounding Comanche County metro area, reveals several key points that should be considered by landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950. However, the current market rent, according to the Census ACS data, stands at $728. This indicates that the gap between the FMR and the actual market rent is significant, suggesting that landlords might struggle to achieve the higher rent levels without offering competitive amenities or improvements.
Regarding the affordability of acquisitions, the median home value in ZIP 67029 is $92,902. While this figure is relatively low, it's important to note that the data on days on market (DOM) and the percentage of homes requiring price cuts is not available. This lack of data makes it challenging to assess how quickly properties can be sold or if they will require price adjustments, which could affect the overall investment strategy.
Lastly, there is a need to evaluate the tenant demand. With a total population of 962 and a renter share of 31.5%, the potential rental market is limited. This means that landlords would be competing for a smaller pool of tenants, which could impact occupancy rates and the ability to fill vacancies promptly.
In summary, while the low median home value offers an opportunity for affordable acquisitions, the significant difference between the FMR and market rent, combined with the limited population and renter share, suggests that ZIP 67029 may present challenges for landlords and small-portfolio investors. The lack of data on DOM and price-cut percentages further complicates the assessment of market dynamics, indicating a cautious approach is warranted when considering investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.