Location: Osborne County, KS | Metro: Mitchell County, KS
| 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 67485, located in Osborne County, Kansas, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $880 per month for fiscal year 2026, which significantly exceeds the average market rent of $429 based on Census ACS data. This means that voucher tenants can cashflow at FMR, providing a substantial buffer for landlords.
To derive the rent-to-price ratio, we use the median home value of $173,231. With an average market rent of $429, the annual rent would be approximately $5,148. Dividing this by the median home value gives us a rent-to-price ratio of about 0.03, or 3%. This indicates that the rental income generated from a property is relatively low compared to its purchase price, suggesting that investment in this area is more likely to yield returns through appreciation rather than high rental yields.
The data shows that there is insufficient information regarding the median days on market (DOM) and the percentage of price cuts shared. However, given the significant gap between the HUD FMR and the actual market rent, it is evident that voucher tenants will cover a larger portion of the mortgage payment, leading to positive cash flow scenarios even without premium units.
In conclusion, the strongest investor angle in ZIP 67485 is stability. Landlords can expect consistent, positive cash flow from voucher tenants, making this area a reliable choice for long-term investments in the rental market.
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.