Location: Elk County, KS | Metro: Chautauqua County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 67346 within the Elk County, KS metro area reveals a favorable environment for those seeking rental income. The HUD Fair Market Rent (FMR) for the region is set at $1,110 for fiscal year 2026, which is notably higher than the average market rent of $929 based on Census ACS data.
This discrepancy means that voucher tenants can generally cashflow at the HUD FMR, providing a margin above the typical market rate. This margin indicates that landlords can expect positive cashflow without needing to seek premium units exclusively, although such units will naturally offer better returns.
Regarding the rent-to-price ratio, the median home value in the area is currently not available. However, this absence does not significantly impact the primary focus on rental income. The lack of data on median days on market (DOM) and the percentage of price cuts also suggests a stable housing market, where the dynamics between renting and buying do not require significant adjustments.
The strongest investor angle in ZIP 67346 is likely to be cashflow, given the disparity between the HUD FMR and the average market rent. This gap allows for a steady and reliable income stream for Section 8 landlords, making it an attractive investment opportunity.
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.