Location: Phillips County, KS | Metro: Phillips County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,170 |
| 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 ZIP code 67621 presents several challenges for landlords considering participation in the Section 8 program. Tenant turnover is a significant concern, with the market rent at $806 falling below the Fair Market Rent (FMR) of $880 for fiscal year 2026 in the metropolitan area. This gap suggests that tenants might seek higher-rent properties, leading to frequent turnover and increased administrative costs.
Vacancy exposure is another risk factor. The days on market (DOM) data is not available, which makes it difficult to predict how long a property might remain vacant between tenants. In addition, the typical home value in the area is unknown, but the median household income stands at $45,000, indicating that residents might struggle to afford even the FMR rent without assistance.
The deferred maintenance exposure is notable due to the lack of information on typical home values. This absence can imply that homes may not be kept up to standard, potentially requiring substantial investments to meet the criteria set by the Housing Choice Voucher Program. Landlords must be prepared for these potential repair costs to avoid disqualification from the program.
However, the high renter share of 22.9% provides a silver lining. A large proportion of renters typically translates into higher demand for rental vouchers, which can stabilize occupancy rates. Despite the risks, the presence of many potential voucher holders in the area could mitigate some of the financial uncertainties associated with Section 8 participation.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.