Location: Sherman County, KS | Metro: Cheyenne County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 67741 is situated in a rural area with a small population of 258 residents. Only 16.8% of these residents are renters, indicating a primarily owner-occupied community. The median household income in this area stands at $44,958, which is below the national average and suggests a lower-income demographic. With no median home value data available, it's clear that the focus here is more on rental properties rather than homeownership opportunities.
Moving into the economic landscape of rental housing, the Fair Market Rent (FMR) for ZIP 67741 as of metro fiscal year 2026 is set at $990. In contrast, the current market rent based on Census ACS data is slightly lower at $950. This indicates that the rental market is closely aligned with the government's assessment of fair rent, leaving little room for significant price adjustments.
Given these factors, ZIP 67741 would likely appeal more to hands-off voucher operators rather than hands-on value-add buyers. The low percentage of renters and limited upside potential in rental pricing suggest that the opportunity for substantial improvements or renovations to increase property values or rents is minimal. Instead, landlords who can efficiently manage properties with a steady stream of Section 8 tenants might find this ZIP code suitable for their investment strategy.
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.