Location: Ottawa County, KS | Metro: Lincoln County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 67418 stands out due to its unique characteristics, notably a very small population size of just 184 residents, indicating it is likely a rural area. With only 10.3% of the population renting, the demand for rental properties is relatively low compared to urban areas where rental rates typically exceed 50%. The median income in ZIP 67418 is reported at $52,083, which is a key figure for understanding the economic profile of the area. However, the lack of data on median home values suggests that there might be fewer homeowners in the area, or the data collection has been sparse.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 67418 is set at $920 for fiscal year 2026. This figure represents the amount that the government deems reasonable for a two-bedroom apartment in this area. Given the absence of market rent data, it's challenging to compare the FMR against actual market conditions, but landlords can use this figure as a guideline for setting rents that align with government assistance programs.
The data signature for ZIP 67418 reads as "stable." Despite the small population and limited rental market, the median income provides a consistent baseline for economic activity. Landlords should note that the low percentage of renters means competition for tenants who receive vouchers could be fierce. Additionally, the reliance on government-assisted housing through the Section 8 program underscores the importance of adhering to HUD guidelines and maintaining properties that meet the required standards for voucher recipients. For small-portfolio investors, this ZIP code offers an opportunity to serve a niche market with a predictable rent subsidy, although the limited number of potential tenants presents a challenge.
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.