Location: Decatur County, KS | Metro: Decatur County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 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 rental market in ZIP code 67643 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. Given the lack of specific median income data for this area, it's critical to focus on the existing market dynamics and the role of housing vouchers.
The Fair Market Rent (FMR) for the metro area, as determined by HUD for fiscal year 2026, stands at $880. This figure represents the standard payment amount for housing vouchers, which is a significant benchmark for affordability. However, without concrete figures on the local market rate and median income, we must rely on the broader context to understand the implications.
With only 6.9% of the population being renters and a total population of 194, the competition among landlords in ZIP 67643 is likely to be low. This suggests that there may not be a large pool of potential tenants, which could affect occupancy rates and rental income stability. The limited number of renters also means that landlords must carefully consider their tenant acquisition strategy.
The affordability gap in this scenario is evident when comparing the voucher payment standard to the unknown but potentially higher market rates. For households relying on vouchers, the $880 payment may not stretch far enough to cover the cost of living in ZIP 67643 if the market rate is significantly higher. This creates a situation where landlords must decide whether to accept voucher tenants, who provide a guaranteed source of income, or pursue cash-paying tenants who might offer higher rents but come with greater risk.
Takeaway for Landlords: In ZIP 67643, landlords should weigh the benefits of accepting voucher tenants against the potential for higher rents from cash-paying tenants. The low percentage of renters and small population suggest a need for diversification in tenant sourcing. Accepting vouchers can ensure steady income and reduce vacancy risks, while targeting cash-paying tenants requires a thorough understanding of the local economy and willingness to compete on amenities and location.
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.