Location: Reno County, KS | Metro: Reno County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 67568 is located in Plevna, Kansas. Here are some key points to consider when investing in this area, addressing common concerns.
Will FMR $880 (metro FY 2026) cover the mortgage on a home?
The data suggests that the average home price in ZIP 67568 is not directly available. However, based on the median home values in similar areas, it is unlikely that an FMR of $880 will fully cover the mortgage on a typical home. Investors must carefully calculate their monthly expenses against the expected rental income to ensure profitability.
Is there enough renter demand at 2.9%?
The rental market demand in ZIP 67568 stands at 2.9%, which is relatively low compared to other metropolitan areas. This indicates that there might be limited renter demand, making it challenging to find tenants quickly. Rentals in 67568 are predominantly 3+ bedroom units, costing between $300 - $499 per month, including utilities. Given these figures, landlords should expect a slower turnover rate and possibly lower occupancy rates.
Will vouchers keep pace with market rents?
The data does not provide specific statistics on housing voucher usage in ZIP 67568. However, it is important to note that voucher programs are designed to help low-income families afford housing. In many cases, the amount provided by housing vouchers can lag behind actual market rents. Landlords in 67568 should be prepared for potential discrepancies between voucher amounts and market rents, especially if they plan to charge close to the FMR.
In conclusion, while ZIP 67568 presents certain challenges such as limited renter demand and potential gaps between voucher amounts and market rents, careful financial planning and understanding of the local market can still make it a viable investment opportunity for landlords and small-portfolio investors. The lack of comprehensive data makes it necessary to conduct thorough due diligence before making investment decisions.
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.