Location: Russell County, KS | Metro: Barton County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $82,304 | 1.2% | A |
| 3BR | $1,230 | $161,882 | 0.76% | D |
| 4BR | $1,460 | $173,153 | 0.84% | C |
U.S. Census Bureau data (2024)
The rent math in ZIP 67665 (Russell, KS, Russell County, KS metro) is favorable but not without its challenges. The Fair Market Rent (FMR) set at $900 for the fiscal year 2026 contrasts with the current market rent of $829 based on Census ACS data. This indicates that landlords can potentially increase rents slightly to align with the FMR without facing significant resistance from tenants.
Acquisition in this area is relatively affordable, with a median home value of $119,950. However, the lack of data on days on market (DOM) and the low 0.2% price-cut share suggest that homes are selling quickly and at or near asking price, indicating a stable market but also suggesting limited negotiation opportunities for buyers.
Tenant demand in ZIP 67665 is moderate. With a total population of 4,861 and a 27.1% renter share, there is a steady pool of potential tenants. Given the population size, this translates to approximately 1,318 renters, providing a reasonable base of demand for rental properties.
In conclusion, ZIP 67665 presents a viable investment opportunity for landlords and small-portfolio investors. The potential to adjust rents upwards to meet FMR levels, combined with the affordable median home values, makes it an attractive area. Despite the moderate tenant demand, the stability of the housing market and the ability to command higher rents suggest a positive outlook for rental investments in this region.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.