Location: Neosho County, KS | Metro: Labette County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP code 67341 are renters, indicating a predominantly owner-occupied market. This statistic underscores the challenge for landlords in this area, as there is a low demand for rental properties compared to other regions. $77,500 stands as the median income for households in this ZIP code, providing a benchmark for the financial stability of potential tenants. However, the lack of available market rent data (N/A) makes it difficult to assess how competitive rental rates might be against homeownership costs. Similarly, the absence of median home value data (N/A) means we cannot directly compare the investment potential of rental vs. owned properties. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $990, which represents the upper limit for what landlords can charge for Section 8 eligible units. With no data on days on market (DOM) or price-cut share (N/A%), it's challenging to gauge the speed and conditions under which properties are typically sold or rented out. Given these constraints, landlords should focus on properties that offer value within the $990 FMR cap, ensuring they meet quality standards expected by tenants with stable incomes of around $77,500. Despite the low renter share, the presence of Section 8 can still provide a reliable stream of tenants, though landlords must be prepared to compete on factors beyond just price. Verdict: Section 8 remains viable but requires careful property selection to attract and retain tenants in a market skewed towards homeowners.
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.