Location: Gray County, KS | Metro: Ford County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The analysis of ZIP 67843, located in Gray County, KS, reveals several key points that are crucial for landlords and small-portfolio investors considering this area.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. However, due to the lack of available data on market rent, it's challenging to make a direct comparison. Assuming the FMR is reflective of the market conditions, landlords can set their rents accordingly to remain competitive.
Moving on to the affordability of acquisitions, the absence of specific figures for median home value, days on market (DOM), and the percentage of homes needing price cuts makes it difficult to provide a precise assessment. Landlords should proceed with caution and seek out detailed local real estate market reports to understand the current trends and challenges in acquiring properties.
Regarding tenant demand, ZIP 67843 has a population of 74, with 100.0% of residents being renters. This indicates a high concentration of potential tenants who are already accustomed to renting, which could be beneficial for landlords seeking to fill units.
Verdict: While the rent math seems to work based on the FMR of $930, the lack of specific market data for median home values, DOM, and price-cut percentages means that the acquisition process may require additional research and due diligence. Despite these uncertainties, the strong tenant demand with a full rental market suggests that once properties are acquired, they are likely to be occupied. Investors should focus on understanding the local market dynamics before making any investment decisions in ZIP 67843.
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.