Location: Rooks County, KS | Metro: Rooks 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 | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $152,339 | 0.8% | C |
| 4BR | $1,500 | $178,286 | 0.84% | C |
U.S. Census Bureau data (2024)
The ZIP code 67669 encompasses a rural area with a total population of 1,888 individuals, where 20.6% of residents are renters. The median household income here stands at $62,633, which is relatively modest compared to urban areas. The median home value in this region is $120,197, indicating that it is an affordable market for both homeowners and potential investors.
When examining the rental market dynamics, it becomes evident that there is a significant disparity between the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026, which is $920, and the actual market rent reported by the Census Bureau's American Community Survey (ACS), which is $643. This difference suggests that landlords participating in the Section 8 program can benefit from a higher rent reimbursement rate than what is currently being paid by non-voucher tenants.
The economic landscape of ZIP 67669 makes it particularly suitable for hands-off voucher operators. Given the modest median income and the higher FMR compared to market rents, landlords can secure steady income streams without the need for extensive property management activities. However, for those interested in a more hands-on approach, there is potential for value-add investments. By improving properties and potentially increasing their market value above the median, investors could capitalize on the local demand for affordable housing while also benefiting from the Section 8 program's reimbursement rates.
In summary, ZIP 67669 offers a balanced opportunity for both passive and active real estate investors. For hands-off operators, the stability provided by the Section 8 program ensures a reliable income source. Meanwhile, hands-on buyers have the chance to create value through improvements, thereby enhancing their investment returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.