Location: Lincoln County, KS | Metro: Ellsworth County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,290 |
| 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 67423 is situated in a small, rural neighborhood characterized by a modest population size of 304 residents. With 22.2% of the local population renting their homes, it indicates a relatively low demand for rental properties compared to homeownership. The median household income stands at $57,308, suggesting a middle-class community where financial stability is present but not excessive wealth. The median home value in this area is $121,313, reflecting an affordable housing market that is accessible to many families.
Transitioning into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area, as projected for fiscal year 2026, is set at $930. However, the current market rent, according to Census ACS data, is slightly lower at $856. This discrepancy between the FMR and the actual market rent could indicate either an undervalued rental market or a conservative projection that might benefit voucher holders and landlords alike.
Given these economic conditions, ZIP 67423 would suit a hands-off voucher operator. The relatively stable income levels and the presence of a government-supported rent structure mean that landlords can rely on a steady stream of tenants without the need for extensive property management activities. For those looking to actively manage and improve their investment properties, the area also offers opportunities. The gap between the FMR and the market rent suggests potential for increasing rents to align with government standards, which could be appealing to hands-on investors seeking to add value to their properties.
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.