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)
The real estate market in ZIP code 67364 presents a complex picture that requires careful consideration for both landlords and small-portfolio investors. The median home value is currently unavailable, which suggests a limited number of recent sales or an insufficient data sample to determine a reliable figure. This absence of a median home value, combined with the unavailability of the percentage of listings that have been reduced and the median days on market (DOM), indicates a market that lacks significant activity. These factors collectively point towards a scenario where pricing power is diminished, as there is insufficient data to establish trends or to confidently assert the direction of property values.
On the rental side, the Fair Market Rent (FMR) for ZIP 67364 is set at $880 for the fiscal year 2026. However, the actual market rent is also currently unavailable, suggesting that there might be a lack of recent rental transactions or reported data. This uncertainty means that landlords should exercise caution when setting rents, ensuring they align with the FMR to remain competitive and attractive to potential tenants. Given the limited data on market rents, it's advisable to monitor local rental trends closely to make informed decisions about pricing.
For long-hold investors, the appreciation thesis in ZIP 67364 is challenging to articulate based on the available data. The absence of key metrics such as median home value, percentage of listings reduced, and median DOM makes it difficult to predict future growth or stability in property values. Investors should consider diversifying their portfolios beyond this area unless they can gather additional local insights that suggest otherwise. The current setup implies a market where long-term appreciation is uncertain and where maintaining a steady cash flow through rental income may be more achievable than capital gains.
In summary, the data for ZIP 67364 signals a market characterized by low activity and limited data points, which reduces the ability to leverage pricing power effectively. Landlords and investors should focus on understanding local conditions and trends to make strategic decisions regarding both property values and rental rates.
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.