Location: Russell County, KS | Metro: Osborne County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 67649 reveals a unique balance between yield potential and market stability, making it an interesting consideration for both landlords and small-portfolio investors.
On the yield axis, the Federal Market Rent (FMR) for the fiscal year 2026 stands at $890 for the metro area, while the market rent is significantly lower at $275. This disparity suggests a high-yield potential when utilizing Section 8 vouchers, as the gap between FMR and market rent allows for higher rents subsidized by the government. However, the absence of home value data indicates that traditional investment avenues such as flipping might not be feasible, given the lack of information on the purchase price and resale value.
Moving to the stability axis, the rental market shows a modest 5.9% of residents as renters, which implies a relatively low demand for rental properties. The income figure of $49,464 provides insight into the economic health of the area, indicating that residents have sufficient means to afford housing, but the unspecified days on market (DOM) suggests uncertainty regarding how quickly properties can be leased or sold. This ambiguity in DOM can be a significant factor in assessing the liquidity and speed of return on investment.
The classification of ZIP 67649 leans towards a steady-cashflow zone, driven by the substantial difference between the FMR and market rent figures. With a $615 subsidy per unit (calculated from the FMR of $890 minus the market rent of $275), landlords can expect reliable cash flow from Section 8 tenants. The moderate income level supports the ability of residents to maintain stable tenancy, although the low percentage of renters and the unknown DOM indicate that this is not a high-demand area, thus reducing the attractiveness for quick flips or rapid property turnover.
To summarize, ZIP 67649 presents itself as a market where long-term rental investments, particularly those leveraging Section 8 vouchers, can generate steady cash flow. The high subsidy amount ensures that even with the lower demand for rentals, landlords can achieve positive financial outcomes. For investors looking for immediate high yields through property flipping, this area lacks sufficient data to make a definitive call, suggesting a focus on steady, long-term rental strategies instead.
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.