Location: Montgomery County, KS | Metro: Montgomery County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP code 67340, located within the Montgomery County, KS metro area, presents a unique profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 67340 is set at $880 for fiscal year 2026, which is higher than the average market rent of $611 in the same ZIP code. This suggests that federally subsidized rental units in 67340 are priced above what the local market would typically bear, indicating a potential opportunity for landlords who can leverage the higher subsidy rates.
The median home value in 67340 stands at $77,567, significantly lower than the average home value in Montgomery County. This low valuation, combined with a relatively high renter share of 18.2%, could suggest that 67340 is an attractive location for Section 8 tenants. Landlords in this ZIP code might find it beneficial to have properties available for Section 8 housing vouchers given the higher FMR compared to the local market rents.
In contrast to other ZIP codes in Montgomery County, where home values are likely higher, 67340 emerges as a value pocket. It offers a combination of lower property costs and a higher proportion of renters who are potentially eligible for Section 8 assistance. This makes it a particularly interesting area for small-portfolio investors looking to capitalize on federal subsidies while keeping their investment costs down.
Given the data points, 67340 is not a mid-tier neighborhood nor a premium sub-market within the Montgomery County metro. Instead, it represents a niche opportunity where the lower cost of entry into homeownership or rental property management is complemented by the availability of federal rental assistance programs. The discrepancy between the FMR and the actual market rent also points to a possible inefficiency in the local rental market, which could be advantageous for those willing to invest in Section 8 properties.
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.