Location: Russell County, KS | Metro: Russell County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 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 67626 presents several challenges for landlords considering Section 8 investments. Firstly, tenant turnover is likely to be higher due to the significant gap between the market rent of $727 and the Federal Market Rent (FMR) of $880 for fiscal year 2026 in the metropolitan area. This difference can lead to tenants preferring to find units that match their budget rather than waiting for a Section 8 voucher, increasing the likelihood of frequent changes in occupancy.
Vacancy exposure is another concern, as the average number of days on market (DOM) is not available. However, this absence of data suggests a lack of consistent rental activity, which can be problematic when trying to predict how quickly a vacant unit might be filled. In addition, the deferred maintenance exposure is considerable, given the median income of $61,349. The typical home value being unavailable indicates a possible disparity in property values, making it difficult to assess the potential for maintenance and repair costs.
Despite these risks, there are mitigating factors that make Section 8 investment in ZIP 67626 worth considering. The renter share stands at 25.3%, indicating a relatively high concentration of renters in the area. High renter density typically correlates with higher demand for rental units, including those that accept Section 8 vouchers. This increased demand can help offset some of the risks associated with tenant turnover and vacancy exposure.
Verdict: Moderate risk for a first-time Section 8 landlord. While the risks are present, the high renter density provides a solid foundation for demand, balancing out the potential downsides.
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.