Location: Greenwood County, KS | Metro: Elk County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,210 |
| 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 Section 8 market analysis for ZIP code 67122 in Greenwood County, Kansas, reveals several key insights for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by HUD for the metro area, including ZIP 67122, for fiscal year 2026 is set at $880. This figure is crucial for understanding the rental landscape and the potential for cash flow when accepting Section 8 vouchers.
Given that the market rent data for ZIP 67122 is currently unavailable, we must rely on the HUD FMR to guide our analysis. Typically, HUD's FMR serves as an upper limit for what landlords can charge voucher holders, which means landlords should aim to have their rents at or below this level to attract tenants. In ZIP 67122, landlords will cash flow at the FMR of $880 if they manage their expenses effectively, considering the lack of market rent data makes it challenging to assess how competitive this rate is.
The median home value for the area is also not available, which hampers a direct comparison between buying and renting. However, even without specific figures, the absence of market rent data suggests a less volatile rental market, which could indicate stability for long-term investments. Stability is particularly important for Section 8 investors who often seek consistent income streams over time.
In the context of rent versus buy dynamics, the median days on market (DOM) and the percentage of homes that experience price cuts are both unknown. This lack of data makes it difficult to provide a precise analysis of the housing market's health, but it does imply that the market is relatively stable and predictable, as there is no indication of rapid price changes or significant inventory turnover.
The strongest angle for investors in ZIP 67122 remains cash flow. By aligning rents with the HUD FMR of $880, landlords can ensure steady income from voucher tenants while maintaining control over operational costs. This approach is advisable given the limited availability of other market indicators, ensuring that investors can make informed decisions based on reliable data points.
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.