Location: Cowley County, KS | Metro: Cowley County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 67156, located in Winfield, KS, Cowley County, is well-suited for a diversification strategy within a Section 8 portfolio. The median home value stands at $138,201, which is relatively low compared to the national average. This makes it attractive for investors looking to balance their portfolios with affordable markets.
A key factor in choosing ZIP 67156 as a diversifier is the 30.7% renter share, indicating a significant portion of the population relies on rental properties. Additionally, the median income of $58,821 suggests a stable tenant base capable of paying consistent rents. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, while the market rent is estimated at $813. This creates a spread of $67 per unit, providing a modest positive cash flow.
Moreover, the 0.2% price-cut share and N/A-day days on market (DOM) indicate a relatively strong market where properties sell without significant discounts and quickly. These factors contribute to a lower risk of vacancy and faster turnover, beneficial for maintaining steady cash flows.
In conclusion, ZIP 67156 serves as an ideal diversifier within a Section 8 portfolio due to its low median home value, stable renter share, and reasonable income levels, all of which support a positive cash flow and low risk profile.
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.