Location: Marion County, KS | Metro: Marion County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 67053, located in Marion County, KS, reveals several key points that are essential for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940, while the current market rent, according to Census ACS data, is only $850. This means landlords would be undercharging by $90 per month if they aim to align with the FMR, which could impact their profitability negatively.
Acquisition in this area is relatively affordable. With a median home value of $134,158, purchasing properties can be done without breaking the bank. However, the lack of available data on the number of days on market (DOM) and the percentage of homes needing price cuts suggests that the local real estate market might not be as active or competitive as other areas. This could either mean fewer opportunities for quick flips or a stable market with less pressure to reduce prices.
Tenant demand is present but limited. The total population of the ZIP code is 600, with 26.1% of residents being renters. This translates to approximately 157 potential tenants. While this indicates a steady stream of renters, it also highlights the importance of maintaining competitive rental rates to attract and retain tenants.
In conclusion, ZIP 67053 presents a mixed picture for real estate investment. Although the acquisition cost is reasonable, the discrepancy between FMR and actual market rents suggests that landlords must carefully manage their pricing to ensure profitability. Additionally, the limited tenant pool means that competition for renters will be intense, necessitating well-maintained properties and possibly lower-than-FMR rental rates to secure occupancy. Overall, this ZIP code is suitable for investors willing to adapt to local market conditions and focus on long-term stability rather than rapid growth.
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.