Location: Osborne County, KS | Metro: Osborne County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
Investing in Section 8 properties in ZIP code 67623 presents several potential challenges that landlords and small-portfolio investors must consider. Tenant turnover is a significant concern, especially when comparing the market rent of $717 to the higher Fair Market Rent (FMR) of $950 for fiscal year 2026 in the metropolitan area. This disparity can lead to frequent changes in occupancy, which may increase operational costs and reduce overall profitability.
Vacancy exposure is another issue, as the days on market (DOM) data is currently unavailable. Without this information, it's difficult to predict how long a property might remain vacant between tenants, which can be costly due to lost rental income and increased maintenance needs.
The deferred-maintenance exposure is also noteworthy. The typical home value data is missing, but the median household income of $102,933 suggests that residents might have the financial capacity to maintain their homes well. However, without specific home value data, it's challenging to assess the condition of properties and the likelihood of deferred maintenance issues.
Despite these risks, the high renter share of 22.7% indicates a robust demand for rental housing in ZIP 67623. High renter density generally translates into greater interest in Section 8 vouchers, which can help stabilize occupancy rates and ensure a steady stream of tenants. This demand can mitigate some of the risks associated with tenant turnover and vacancy exposure.
To summarize, while there are notable risks such as tenant turnover and vacancy exposure, the strong demand for rental properties in ZIP 67623 provides a counterbalance. The verdict on investing in Section 8 properties here is moderate risk. This assessment is suitable for a first-time Section 8 landlord who is prepared to manage the potential challenges.
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.