Location: Russell County, KS | Metro: Osborne County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 67673 presents a unique snapshot of the rental market, particularly within the context of Section 8 housing. The Fair Market Rent (FMR) for the area is set at $910 for fiscal year 2026, indicating a baseline that landlords must consider when setting rents for Section 8 eligible units. While specific market rent data is currently unavailable, the absence suggests either a lack of recent comprehensive studies or a market that's not frequently analyzed due to its size or activity level.
The missing data on price-cut shares and days on market (DOM) points to a less volatile market, where transactions might be slower or less frequent, but it doesn't necessarily imply stability or instability. However, the median home value being unreported could indicate that there isn't enough transactional data to establish a reliable median, which might suggest a low volume of sales activity or a diverse range of property values that don't easily conform to a median figure.
A key indicator of the dynamics in ZIP 67673 is the 35.3% share of renters. This statistic implies that nearly one-third of the households in the area are renting, which can exert long-term housing pressure. As the proportion of renters increases, so does the demand for rental properties, potentially leading to higher rents if the supply of available rental units cannot keep pace. In areas where renter share is high, landlords often find themselves in a position to negotiate better terms, given the limited options for renters.
Without specific historical data, we can infer that if the supply of rental units is tight relative to demand, landlords in ZIP 67673 may see a steady flow of tenants willing to pay close to the FMR. Conversely, if the supply of rental units exceeds demand, landlords might face challenges in maintaining rents at the FMR level, necessitating strategic pricing to attract and retain tenants.
The interplay between the FMR and the actual market conditions will determine whether landlords can achieve profitability without significant concessions. Landlords and small-portfolio investors should closely monitor local vacancy rates and tenant turnover to gauge the true balance between supply and demand.
In summary, ZIP 67673 stands as a market where the high renter share could lead to sustained pressure on rental availability and pricing. For those looking to invest, understanding the nuances of this market—especially around the FMR and actual rental behaviors—will be crucial in making informed decisions.
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.