Location: Reno County, KS | Metro: Reno County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 67581 in Reno County, Kansas, reveals several critical factors for landlords and small-portfolio investors.
The rent math does not work in favor of landlords based on the data available. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $880. However, the market rent for the area is listed as N/A, indicating that there is no reliable data to compare against the FMR. This lack of information suggests that the actual rental rates might be lower, making it difficult to justify rents at the FMR level without further investigation into local market conditions.
Regarding property acquisition, the affordability is unclear due to missing data points. The median home value is listed as N/A, which means there is no benchmark to assess whether home values are high or low relative to investment potential. Additionally, the number of days on market (DOM) and the percentage of homes sold with a price cut are also marked as N/A, leaving gaps in understanding the dynamics of the housing market in terms of liquidity and pricing trends.
Tenant demand in ZIP 67581 is minimal. With a total population of only 300, and a mere 2.1% of that population being renters, the pool of potential tenants is very limited. This could pose challenges for landlords looking to fill vacancies and maintain steady rental income.
In conclusion, ZIP 67581 presents significant hurdles for real estate investment, particularly for rental properties. The lack of clear market rent data and the sparse tenant demand suggest that the area may not be ideal for generating strong rental returns. Furthermore, the absence of key metrics regarding home values and market conditions makes assessing the overall investment risk challenging. Landlords and investors should proceed with caution and seek additional local insights before committing to acquisitions in this area.
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.