Location: Mitchell County, KS | Metro: Lincoln County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 67452 presents a unique snapshot of the real estate market, particularly when considering the implications of the Federal Market Rent (FMR) at $900 for fiscal year 2026. This figure, set by HUD for Section 8 housing, serves as a benchmark for rental prices in the area. However, the absence of current market rent data suggests a lack of active rental listings, indicating that the supply of rental units might be constrained.
The 0.0% renter share is a striking statistic, revealing that virtually all residents in this ZIP code own their homes. This points to a strong homeownership culture and potentially less immediate pressure on rental prices. Yet, it also implies that any future increase in renters could lead to significant upward pressure on rents due to the limited supply of rental properties. For landlords and small-portfolio investors, this means that while current rental demand is low, there's an opportunity to capitalize on potential future shifts in housing trends.
The median home value data being unavailable indicates a lack of recent sales activity, which could suggest a stable but possibly stagnant market. In such conditions, property values tend to remain steady unless external factors, like economic changes or new developments, alter the market landscape. Homeowners benefit from stability, but for those looking to enter the market, it may present challenges in finding properties to purchase or rent.
In conclusion, ZIP 67452 appears to be a market dominated by homeowners, with little to no competition in the rental sector. The $900 FMR provides a baseline for rental pricing, but the overall dynamics suggest a market where supply currently meets demand, with potential for change as broader economic factors influence local housing preferences. Landlords should be prepared for possible fluctuations in rental demand and pricing, while investors might find opportunities limited by the current homeownership trend.
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.