Location: Rooks County, KS | Metro: Phillips County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67639 in fiscal year 2026 is set at $920. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It's important to note that this does not necessarily reflect the actual rent you can charge your tenants; rather, it indicates the maximum amount the program will pay toward a tenant's rent.
In ZIP 67639, the local median gross rent is currently listed as N/A, which suggests there might be limited data available for comparison. However, the FMR serves as a benchmark for the area, guiding landlords on what they can expect as reimbursement from the government for eligible tenants.
The 9.3% renter share in ZIP 67639 highlights a significant portion of the population who rely on renting as their primary form of housing. This percentage underscores the demand for rental properties in the area, particularly those that can accommodate Section 8 participants. Despite the lack of specific local median rent figures, the high percentage of renters points towards a robust market for affordable housing options.
Regarding acquisition costs, the data provided shows N/A, indicating that there isn't enough information to give a precise estimate of property values in the area. Nonetheless, understanding the FMR and the renter share can help guide decisions on whether the investment in a Section 8 rental property is worthwhile.
Before committing to a Section 8 rental property in ZIP 67639, ensure that your property meets all the necessary inspection criteria. The Housing Quality Standards (HQS) inspection is crucial, as failing to meet these standards could result in disqualification from the program. Verify that your property complies with HQS requirements, including safety, health, and structural standards, to avoid any delays or complications in securing a tenant through 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.