Location: Mitchell County, KS | Metro: Mitchell County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $170,210 | 0.77% | D |
U.S. Census Bureau data (2024)
The ZIP code 67446 presents a dynamic rental market that reflects a balance between supply and demand, but leans slightly towards demand pressure. With a Fair Market Rent (FMR) set at $880 for the fiscal year 2026, this figure indicates what the government deems a reasonable rent for the area under the Section 8 program. However, the actual market rent as per the latest Census ACS data stands at $438. This significant gap suggests that the market rent is considerably lower than the FMR, which could imply either an abundance of affordable housing options or a strong presence of lower-cost rental units that keep the average down.
The median home value in the area is $136,462, which is a critical indicator of the overall economic health and stability of the housing market. A lower median home value can be indicative of an area where homeownership is accessible to a broader range of residents, potentially leading to a mixed market where both renters and owners coexist. The lack of specific data on price-cut share and days on market (DOM) prevents a precise analysis of the current supply-demand imbalance, but the low market rent relative to FMR suggests that there might be more rental properties available than needed.
A key factor influencing this market is the 23.5% renter share, which is relatively low compared to many urban areas. This statistic implies that a majority of the population in ZIP 67446 prefers or is able to purchase homes rather than rent. Despite this, it also signals a persistent housing pressure, as even a minority of renters can exert significant influence on the rental market dynamics. Over time, this percentage can shift due to various factors such as economic changes, population growth, or shifts in housing preferences, indicating potential for future changes in the market equilibrium.
In summary, ZIP 67446 offers a market where rental prices are currently well below the government's fair market assessment, suggesting a potentially balanced or slightly oversupplied rental sector. However, the low renter share hints at a latent demand for affordable housing, which landlords and small-portfolio investors should monitor closely for signs of change.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.