Location: Rice County, KS | Metro: Ellsworth County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
ZIP Code 67459, located in Lorraine, Kansas, has a population of 264 residents, with 12.6% being renters. The median household income for this area is not available, but based on recent rental data, the typical market rent for properties in this ZIP code ranges between $750 and $999 per month, inclusive of utilities.
This range places the market rent at approximately 30% to 40% of the Fair Market Rent (FMR), which is set at $920 for FY 2026 in the metropolitan area. Given that the FMR is often used as a benchmark for affordability, it suggests that the rental market in 67459 is slightly below average in terms of cost relative to the FMR standard.
The rental market in ZIP 67459 is primarily composed of properties with 3 or more bedrooms, indicating a preference for larger living spaces among the tenants. This trend aligns with the demographic composition, which is not heavily dominated by renters, but rather a mix of homeowners and renters. As such, landlords can expect a relatively stable tenant pool with moderate demand for Section 8 vouchers.
A landlord operating in ZIP 67459 should anticipate tenants who are likely to be seeking affordable housing options due to potentially lower incomes. However, the scarcity of specific income data makes it challenging to provide an exact percentage of local income that typical rent consumes. The absence of detailed income figures suggests a need for caution when setting rental prices, ensuring they remain competitive and attractive to potential tenants.
In conclusion, while the rental market in 67459 is not dominated by renters, there is still a viable demand for affordable housing options. Landlords should consider offering properties within the $750 to $999 monthly range to attract and retain tenants effectively.
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.