Location: Greenwood County, KS | Metro: Wichita, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 67045, located in Eureka, KS within the Greenwood County, KS metro area, presents a unique profile when compared against typical ZIP codes in the county. The Fair Market Rent (FMR) for 67045 in fiscal year 2024 is set at $1030, which is notably higher than the average market rent of $754. This indicates that properties in this ZIP code might be favored for Section 8 housing due to the discrepancy between the government-set rental rates and the actual market rates.
In terms of home values, 67045 stands at $100,766, which is a significant figure when assessing the overall property investment potential within the county. The relatively low home value combined with a higher FMR suggests a scenario where landlords could potentially benefit from the subsidy without the burden of high initial capital investment.
A key metric is the 23.9% share of renters in 67045, which is a substantial portion of the population. Typically, a higher renter share can indicate a greater demand for rental properties, which is beneficial for landlords. However, it also points towards a possible concentration of subsidized housing, such as Section 8 units, which can influence the local rental market dynamics.
Given the specific figures, 67045 appears to be a value pocket within the Greenwood County, KS metro area. The disparity between the FMR and the market rent, coupled with a below-average home value, suggests that this ZIP code offers opportunities for landlords who are willing to participate in the Section 8 program. These factors create a situation where landlords can receive higher rents through subsidies while maintaining a lower cost basis for their investments.
The divergence in figures—specifically, the higher renter share with below-metro home values—is indicative of a potential sweet spot for Section 8 landlords and small-portfolio investors. This combination can lead to a stable income stream with manageable upfront costs, making 67045 an attractive option for those looking to enter or expand within the subsidized housing market in Greenwood County, KS.
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.