Location: Wallace County, KS | Metro: Logan County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
ZIP code 67761, located within Wallace County, KS, presents a unique profile compared to other ZIP codes in the county. The Fair Market Rent (FMR) for 67761 is set at $900 for fiscal year 2026, which serves as a benchmark for rental pricing in the area. This figure is critical for landlords and small-portfolio investors seeking to understand the subsidized housing market dynamics.
Notably, the market rent and home values for ZIP 67761 are currently unavailable. However, the renter share, at 17.9%, is an important indicator of the housing market's composition. A higher proportion of renters can suggest a greater demand for rental properties, potentially making it easier for landlords to find tenants willing to pay the FMR.
To determine if ZIP 67761 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must consider the available data points. Given that the FMR is $900 and there is a significant renter share, but without specific market rent and home value figures, we can infer that 67761 leans towards being a value pocket. This inference is based on the assumption that the actual market rents and home values might be lower than the FMR, especially considering the typical characteristics of rural areas where Wallace County is situated.
The high renter share, when combined with the lack of specific market rent and home value data, suggests that 67761 could be an attractive location for Section 8 participants. Areas with a substantial number of renters and potentially lower home values often appeal to those seeking affordable housing options. This dynamic can make such ZIP codes particularly favorable for landlords who are willing to participate in the Section 8 program, as they can expect a steady stream of potential tenants.
In summary, while specific market rent and home value data for ZIP 67761 are not available, the combination of a defined FMR and a notable renter share indicates that it likely stands as a value pocket within the Wallace County, KS metro. Landlords and investors should consider this ZIP code for its potential to attract Section 8 tenants, thereby ensuring a stable rental income.
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.