Location: Barton County, KS | Metro: Barton County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 67564 presents several challenges that landlords must be prepared to address. Firstly, the tenant turnover rate is a significant concern. Although the exact market rent is not specified, the Fair Market Rent (FMR) for the metro area stands at $970 for fiscal year 2026. This indicates that landlords may face difficulties in retaining tenants, especially if the market rent exceeds the FMR, leading to higher turnover rates.
Vacancy exposure is another critical issue. The average days on market (DOM) is not available, which makes it difficult to predict how long a property might remain vacant. However, a longer DOM can increase the risk of vacancy, impacting cash flow and profitability. Additionally, the lack of data on typical home values in the area suggests potential deferred maintenance issues, as the median household income of $97,273 might not cover extensive repair costs, leaving landlords responsible for maintaining the property's condition.
Despite these risks, the ZIP code has a high concentration of renters, with 12.8% of the population being renters. High renter density often correlates with higher demand for housing vouchers, which can be beneficial for landlords willing to participate in the Section 8 program. This demand can help stabilize occupancy rates and provide a steady stream of rental income.
In summary, the investment risk for a first-time Section 8 landlord in ZIP 67564 is moderate. While there are notable challenges such as uncertain market rents, potential vacancy periods, and deferred maintenance costs, the high renter share offers a promising counterbalance through increased voucher demand and stable occupancy.
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.