Location: Meade County, KS | Metro: Finney County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market in ZIP code 67837 presents a dynamic scenario that is indicative of ongoing changes in the housing landscape. With a Fair Market Rent (FMR) set at $930 for the fiscal year 2026, it suggests a steady increase in rental expectations compared to the current market rent of $629 as reported by the Census ACS. This gap between FMR and actual market rent can be interpreted as a sign of potential upward pressure on rents, which could be driven by factors such as economic growth or increased demand.
The median home value stands at $247,263, reflecting the overall cost of homeownership in the area. While there is no specific data on the percentage of price cuts or days on the market (DOM), the absence of these figures might indicate a relatively stable market without significant fluctuations in property values or sales times. This stability can be crucial for small-portfolio investors looking for consistent returns.
A key indicator of the market's dynamics is the 17.5% share of renters. In a broader context, this figure points towards a segment of the population that is likely under long-term housing pressure. For landlords and investors, this means a continuous demand for rental properties, which can be a reliable source of income. However, it also implies that there may be challenges in maintaining high occupancy rates if the local economy faces downturns or if other areas become more attractive to renters.
The disparity between the FMR and the current market rent indicates a possible undersupply of affordable rental units relative to demand. Landlords and investors should consider this when setting rental prices or developing new properties, as there appears to be room for higher rents without necessarily deterring tenants. At the same time, the relatively low median home value suggests an opportunity for investment in both rental and resale markets, depending on the investor's strategy.
In summary, ZIP 67837 is a market where demand for rental housing is likely to persist due to the significant renter share. The trajectory of rental prices moving towards the FMR, combined with the median home value, paints a picture of a market where the balance of power may shift towards landlords and investors who position themselves strategically to capitalize on the dynamics of the area.
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.