Location: Ottawa County, KS | Metro: Clay County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
33.2% of residents in ZIP code 67466 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the potential demand for rental properties in the area. Additionally, the $692 market rent, as reported by the Census ACS, reflects the average monthly rent paid by tenants, which is crucial for setting competitive rental prices. The $97,460 median home value suggests that property values are relatively stable, making it an attractive location for real estate investments. However, the median income of $56,161 indicates that many households might find it challenging to afford market rents without assistance. In this context, the $880 Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a benchmark for what the government considers reasonable for Section 8 housing vouchers. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the figures available point towards a balanced market where Section 8 can play a pivotal role in maintaining occupancy rates and ensuring steady cash flow. Given these factors, the verdict on Section 8 in ZIP 67466 is clear: it offers a reliable source of tenants who can pay a substantial portion of the rent, aligning well with the economic realities faced by many local residents.
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.