Location: Barber County, KS | Metro: Barber County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 67071 reveals a unique scenario for both renters and landlords. Given the median income is not available, it's challenging to assess the financial capability of households to cover the unspecified market rate rental costs. However, we can compare the situation against the federally determined Fair Market Rent (FMR) which stands at $940 for the metro area in fiscal year 2026.
In ZIP 67071, the entire population consists of renters, indicating a highly specialized rental market. The lack of specific income and market rate data complicates a straightforward affordability assessment but suggests that any rental pricing above the FMR could significantly impact the ability of residents to pay.
The voucher payment standard of $940 provides a benchmark for what the government considers affordable for low-income families. If the market rate exceeds this figure, it signals a potential affordability gap for those relying on vouchers. This gap can influence the level of competition among landlords, especially if they choose to accept voucher payments over relying solely on cash-paying tenants who might struggle to meet higher rents.
For landlords, the decision between accepting voucher payments or focusing on cash-paying tenants should consider the high percentage of renters in the area and the limited population size. Accepting vouchers guarantees a steady, government-backed income stream that aligns with the FMR, reducing the risk of vacancies due to unaffordable rents. On the other hand, pursuing cash-paying tenants requires a keen understanding of the local economic conditions and the willingness to adjust rates to remain competitive and attractive to the few potential cash-paying households.
The takeaway for landlords is clear: in ZIP 67071, where the population is entirely renters and numbers are low, accepting voucher payments at the $940 FMR ensures a stable tenant base and minimizes vacancy risks. For those who wish to explore cash-paying options, careful monitoring of local economic indicators and a flexible approach to pricing will be essential to compete effectively and attract tenants.
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.