Location: Marion County, KS | Metro: Marion County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 67483 does not favor landlords. The Fair Market Rent (FMR) set at $880 for the metro area for fiscal year 2026 is significantly higher than the actual market rent reported by the Census ACS, which stands at $720. This discrepancy suggests that landlords might struggle to charge the FMR without offering superior amenities or location benefits.
Acquisition in this ZIP code is challenging due to limited data on median home values, days on market (DOM), and the percentage of homes requiring price cuts. These factors are crucial for assessing the affordability and liquidity of property purchases, but the absence of such data points makes it difficult to provide a clear analysis on whether acquiring properties here is financially prudent.
Tenant demand is moderate in ZIP 67483. With a total population of 559, the renter share is 26.7%, indicating a potential pool of 150 renters. While this number is not negligible, it is relatively low compared to larger metropolitan areas, suggesting that competition among landlords could be fierce and that finding tenants might require active marketing efforts.
In conclusion, ZIP 67483 presents a mixed picture for landlords and small-portfolio investors. The rent math is unfavorable, as the market rent is below the FMR. Acquisition challenges stem from a lack of detailed market data, which hinders informed decision-making. Tenant demand is present but limited, necessitating careful consideration of rental strategies to attract and retain tenants. Overall, the area may not be ideal for those seeking high returns or easy acquisitions, and investors should proceed with caution, focusing on cost-effective management and competitive offerings to succeed.
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.