Location: Thomas County, KS | Metro: Decatur County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 67757, located in Thomas County, KS, can be an excellent addition to a Section 8 portfolio strategy, particularly as a cash-flow anchor. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, while the market rent stands at $665. This creates a spread of $215 per unit, allowing landlords to maintain positive cash flow even when dealing with subsidized tenants.
A key metric for evaluating the viability of a Section 8 investment is the comparison between the FMR and the market rent. In ZIP 67757, the FMR is significantly higher than the market rent, indicating that landlords can charge closer to the FMR without facing substantial resistance from potential tenants. Additionally, the median home value in this area is $178,262, which suggests that property acquisition costs are relatively low, further enhancing the attractiveness of this ZIP code as a cash-flow anchor.
The lack of significant appreciation potential, as indicated by the absence of data on price-cut shares and days on market (DOM), means that landlords should not expect rapid capital gains. However, this does not detract from the ZIP's suitability as a cash-flow anchor, where the primary goal is to generate steady rental income rather than speculative gains.
ZIP 67757 also has a renter share of 19.8%, meaning nearly one-fifth of the population rents their homes. The median income in the area is $57,750, providing a stable economic foundation for the housing market. These factors support the idea that this ZIP code is well-suited for a Section 8 portfolio, where the focus is on ensuring consistent occupancy and predictable cash flows.
In summary, ZIP 67757 serves as a strong cash-flow anchor within a Section 8 portfolio due to the favorable spread between the FMR and market rent, coupled with a reasonable median home value. Landlords can leverage these conditions to secure steady rental income, making it a reliable component of 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.