Location: Chautauqua County, KS | Metro: Chautauqua County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 67360 presents a unique opportunity for real-estate investors looking to balance yield and stability. With a Fair Market Rent (FMR) of $930 for the fiscal year 2026, it stands below the market rent of $1,050, indicating a potential for higher yields when compared to typical market rates. This discrepancy suggests that landlords can charge above the FMR without significantly deterring tenants, thereby increasing rental income.
However, the stability of this market is somewhat compromised. The rental rate represents only 13.8% of the median household income ($52,857), which could indicate a struggle for residents to afford housing. This percentage is relatively low, suggesting that a portion of the population might find it challenging to keep up with rent payments, especially if there's an economic downturn.
The lack of data on days on market (DOM) makes it difficult to assess how quickly properties can be rented out. However, the combination of a lower FMR and a higher market rent implies a competitive market where properties might be occupied relatively swiftly, but this is speculative without concrete DOM figures.
In summary, ZIP 67360 leans towards being a high-yield market due to the disparity between the FMR and market rents. However, its stability is questionable given the low proportion of income dedicated to rent. Investors should consider this a moderate-risk market, suitable for those who can handle occasional vacancies and are willing to manage properties closely to ensure timely tenancy. The potential for higher returns is present, but it requires careful consideration of the local economic conditions and tenant affordability.
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.