Location: Montgomery County, KS | Metro: Montgomery County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $58,849 | 1.77% | A+ |
| 3BR | $1,300 | $145,796 | 0.89% | C |
| 4BR | $1,740 | $198,383 | 0.88% | C |
| 5BR | $2,018 | $227,466 | 0.89% | C |
U.S. Census Bureau data (2024)
The market in ZIP 67301, Independence, KS, presents a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) of $940 for the fiscal year 2026 and a current market rent of $790 based on Census ACS data, there's an indication that rents are likely to rise towards the FMR level, suggesting demand could be growing relative to supply.
The low price-cut share of 0.1% further supports this inference. Typically, a lower percentage indicates that sellers are less inclined to reduce their asking prices, which can be a sign that homes are selling close to their listed values, reflecting a steady demand for property ownership. This is consistent with a median home value of $114,263, which suggests homeownership is affordable and potentially attractive to buyers.
While the Days on Market (DOM) data is not available, the price-cut share provides insight into the speed at which properties are moving. In markets where demand outpaces supply, properties tend to sell quickly without needing significant price adjustments. The 0.1% figure in Independence implies a relatively quick turnover, aligning with a balanced or slightly demand-driven market.
The 27.5% renter share highlights another aspect of the housing landscape. A higher proportion of renters can signal long-term housing pressure, particularly if rental rates are rising. This suggests that over time, there could be increasing demand for rental units, which might translate into upward pressure on rents and a potential increase in the number of rental properties needed to meet demand.
In summary, ZIP 67301 appears to be a market where demand is holding steady or slightly exceeding supply, driven by factors such as affordability and rental dynamics. Landlords and small-portfolio investors should anticipate a gradual shift towards higher rental rates and consider the potential for increased tenant interest in the area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.