Location: Greenwood County, KS | Metro: Elk County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67137 is set at $910 per month for the fiscal year 2026. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program, which is designed to subsidize housing costs for low-income families. It's important to note that this is not the amount you will charge your tenants as rent; it's the maximum amount HUD will pay on behalf of eligible tenants.
In ZIP 67137, there is currently no local rent restriction listed for Section 8 participants, meaning the FMR of $910 applies directly without any adjustments. This can be a benefit for landlords, as it simplifies the process of setting rents within acceptable limits for the program.
The demand for Section 8 rentals in this area is strong, with 7.2% of the population being renters who rely on government assistance. This translates into a steady pool of potential tenants who are looking for affordable housing options. The median household income in the area is not specified, but the acquisition cost of a property in ZIP 67137 is around $119,489. Given the FMR and the local economic conditions, this price point can make acquiring a property for Section 8 tenancy financially viable for new landlords.
To ensure profitability, landlords should verify that the property meets all HUD and local housing quality standards before enrolling in the Section 8 program. These standards include minimum health and safety requirements that must be met for the property to be approved for rental under the subsidy program. Ensuring compliance with these standards upfront will prevent costly repairs and delays once you have enrolled in the program.
Given the FMR and the strong demand from renter-assisted households, the initial investment of $119,489 in a property can be seen as a strategic move to enter the Section 8 market. The regular payments from HUD at the rate of $910 per month provide a reliable revenue stream, especially when compared to the typical challenges of finding and keeping stable tenants in the private market.
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.