Location: Wichita, KS | Metro: Wichita, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
U.S. Census Bureau data (2024)
The ZIP code 67055 stands out due to its exceptionally low population count, with only 62 residents recorded. This makes it one of the smallest communities analyzed, offering a unique opportunity for landlords and small-portfolio investors. In this ZIP, half of the residents are renters, indicating a significant demand for rental properties. The median income is set at $48,750, which provides insight into the financial capacity of potential tenants.
The Federal Market Rent (FMR) for ZIP 67055 in fiscal year 2024 is established at $1220, which represents the maximum amount that Section 8 vouchers will cover for rent. Notably, there is no available data on the median home value or the market rent for the area, suggesting a lack of comprehensive housing metrics. This absence of data could indicate a less competitive market or a scarcity of housing options, both of which can be advantageous for those looking to secure long-term tenancy.
The voucher economics in this ZIP code are favorable for landlords who are willing to accept Section 8 tenants. With an FMR of $1220, landlords can expect steady, government-backed rental income, which is particularly beneficial given the limited number of residents. This stability can help mitigate risks associated with vacancy rates and late payments.
Evaluating the data signature of ZIP 67055, it reads as transitional rather than stable. The low population count and high percentage of renters suggest a community that is still developing its housing market. The lack of median home value and market rent data further supports this interpretation, pointing towards an evolving landscape where opportunities for growth and investment are present but require careful consideration.
Landlords and small-portfolio investors should take note of the unique characteristics of this ZIP code. The combination of a small, largely renting population and government-supported rental income presents a niche but potentially lucrative investment opportunity. However, the transitional nature of the ZIP code means that future developments could alter the housing dynamics significantly, requiring ongoing attention to local trends and changes.
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.