Location: Montgomery County, KS | Metro: Chautauqua County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
167,036 residents of ZIP 67347 can expect a median home value that reflects the area's affordable housing market. 4.2% of the population are renters, indicating a modest demand for rental properties. However, landlords should note that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, which provides a benchmark for rental pricing. This figure is crucial for those managing properties under the Section 8 program, ensuring that rents do not exceed what is considered fair and reasonable by HUD standards.
$91,250 represents the median income in ZIP 67347, which is an important metric for understanding the financial capabilities of potential tenants. While the data does not provide specifics on the days on market (DOM) or the percentage of listings that have been price-cut, these metrics would typically be analyzed alongside median income to gauge the health of the local real estate market. The absence of these figures suggests a stable market where significant price adjustments are uncommon, and properties are likely sold or rented within a reasonable timeframe without needing substantial discounts.
In ZIP 67347, the rental market appears to be well-aligned with the income levels of its residents, making it a viable location for landlords and small-portfolio investors looking to participate in the Section 8 program. The FMR of $1,010 ensures that rents are set at a level that is accessible to many of the area's residents, while the median home value of $167,036 indicates that the overall cost of living is relatively low. Given the median income of $91,250, tenants participating in the Section 8 program are likely to find the rent affordable, reducing the risk of non-payment.
The verdict for ZIP 67347 in the context of Section 8 participation is positive, with the FMR and median income figures supporting a stable and financially feasible investment environment.
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.