Location: Rooks County, KS | Metro: Ellis County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The market in ZIP code 67659 presents a unique scenario, largely defined by the absence of certain key metrics that typically guide real estate analysis. With a Fair Market Rent (FMR) of $880 for fiscal year 2026, the area stands at a pivotal point where the rental landscape is somewhat obscured due to incomplete data. The lack of reported market rent, days on market (DOM), and median home value suggests a less active rental market, which could be indicative of either low demand or low supply—or both.
The most striking feature of this market is the 0.0% renter share, which implies that virtually all residents are homeowners. This dynamic significantly reduces the immediate pressure on rental properties but also points to a potential long-term housing challenge. As homeownership is nearly universal, any increase in population or changes in economic conditions could rapidly shift the balance towards rental demand, especially if new residents find it difficult to secure financing for home purchases.
While the current snapshot does not provide enough detail to conclusively determine whether supply outpaces demand or vice versa, the absence of rental data and the presence of only the FMR suggest a market that is currently stable but perhaps underdeveloped in terms of rental offerings. Landlords and small-portfolio investors must tread carefully, considering the potential for sudden shifts in market dynamics as the area evolves.
To gain a clearer picture, stakeholders should monitor local population growth, employment trends, and any changes in the cost of living that might affect the ability of newcomers to purchase homes. These factors will play a crucial role in shaping the future of the rental market in ZIP 67659.
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.