Location: Russell County, KS | Metro: Lincoln 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 classification of ZIP code 67648 hinges on analyzing both its yield potential and stability metrics. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. This figure represents the average rent price for a typical unit in the area, which is higher than the market rate of $704. Additionally, the median home value in this ZIP code is $89,334, indicating a relatively affordable housing market.
Moving to the stability axis, the percentage of renters in the area is 19.0%, suggesting that there is a smaller proportion of tenants compared to homeowners. The median household income in ZIP 67648 is $56,042, which can influence the ability of residents to pay rent. However, the lack of data on the number of days on market (DOM) makes it challenging to fully assess the stability of the rental market.
Given these figures, ZIP 67648 does not fit neatly into a high-yield/low-stability category. Instead, it leans more towards being a steady-cashflow zone. The discrepancy between the FMR and the market rate suggests that there might be opportunities for landlords to charge slightly above the average market rent without pricing themselves out of the market. The lower percentage of renters and the median income figures indicate a moderate level of stability, as homeownership is more prevalent, and tenants have a reasonable income to sustain rental payments.
While the yield is positive due to the higher FMR, the stability indicators point to a balanced market rather than a volatile one. Therefore, landlords and small-portfolio investors should consider this ZIP code as a good option for generating consistent cash flow, albeit with an understanding that the market conditions may not support rapid flipping or speculative investment strategies.
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.