Location: Kiowa County, KS | Metro: Edwards 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 | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $117,423 | 0.83% | C |
| 3BR | $1,270 | $193,522 | 0.66% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 67054 (Greensburg, KS) on the axes of yield and stability reveals a nuanced market scenario that balances potential returns with underlying risk factors.
Yield Analysis: The Fair Market Rent (FMR) for the Greensburg metro area for fiscal year 2026 is set at $880. This figure is higher than the local market rate of $763, indicating a favorable rental environment where properties can command rents above the average market price. However, the median home value of $186,249 suggests a relatively affordable housing market. For landlords and small-portfolio investors, the gap between the FMR and the market rent offers an opportunity to achieve higher yields compared to simply renting at the market rate.
Stability Analysis: Greensburg's rental market has a significant portion of renters, with 28.8% of the population being tenants. While the Days on Market (DOM) data is not available, the median household income of $71,250 provides insight into the economic stability of the area. This income level supports the ability of residents to pay rent, contributing to a stable cash flow for landlords. However, the lack of DOM data introduces some uncertainty regarding how quickly properties can be leased, which is a key factor in assessing stability.
Based on these figures, ZIP 67054 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The higher FMR compared to the market rent indicates potential for increased yields, but the significant percentage of renters and the supportive median income suggest a reliable tenant base capable of sustaining consistent rental payments. This balance makes it a suitable market for those seeking a mix of reasonable returns and dependable cash flow, without the volatility often associated with flip-style investments.
To summarize, the combination of a moderately higher FMR, a substantial renter population, and a solid median income places ZIP 67054 in a category that offers steady cash flow with opportunities for slightly above-average yields. Landlords should leverage the FMR to set competitive rents while being mindful of the economic conditions that could impact long-term stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.