Location: Clark County, KS | Metro: Clark County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The classification of ZIP code 67840 hinges significantly on the available data points concerning rental yield and market stability. With a Fair Market Rent (FMR) of $880 for the fiscal year 2026 in the metro area, the rental yield appears relatively low compared to the absence of specific market rates and home values, indicating that the rental income does not surpass the typical market rates. This suggests a scenario where landlords might not see extraordinary returns on their investment.
Regarding stability, the ZIP code presents a mixed picture. The 8.7% share of renters indicates a lower dependency on rental housing, which could translate into less stable demand for rentals. Additionally, the lack of data on days on market (DOM) and the average income of $37,813 provide limited insight into the financial health of potential tenants and the overall market turnover rate. However, the income figure, while not exceptionally high, does suggest a reasonable ability among residents to meet rent obligations, assuming the cost of living is in line with the income levels.
Given these specifics, ZIP 67840 does not align with a high-yield/low-stability flip-style market. The FMR does not indicate high yields, and the low percentage of renters and limited income data suggest a moderate level of stability. Instead, this ZIP code represents a steady-cashflow zone, albeit with modest returns. Landlords should anticipate consistent but not spectacular cash flows, and small-portfolio investors should consider the market's stability before making investment 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.