Location: Rooks County, KS | Metro: Graham County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 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)
19.0% of residents in ZIP 67632 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which represents the upper limit for Section 8 payments. Meanwhile, the average market rent, as reported by the Census ACS, stands at $608, suggesting that there is room for growth in rental pricing without exceeding the FMR. With a median home value of $136,497, the area offers relatively affordable entry points for both landlords and homeowners. However, the median income of $64,583 may pose challenges for some potential tenants to afford higher rents, even if they are still below the FMR threshold. Unfortunately, data on days on market (DOM) and the percentage of price-cut shares are not available, which means we cannot assess the speed of property turnover or the frequency of price reductions in the local market. Despite these gaps in information, the disparity between the FMR and the current market rent indicates a favorable environment for landlords participating in the Section 8 program. This program can provide a steady stream of income while ensuring that rents remain competitive with the market rate. In conclusion, given the current economic indicators and the gap between FMR and market rents, ZIP 67632 is a suitable location for landlords interested in the Section 8 program.
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.