Location: Hodgeman County, KS | Metro: Hodgeman County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The classification of ZIP code 67849 hinges on the interplay between rental yield and market stability. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. However, the actual market rent for ZIP 67849 is lower at $725. This discrepancy suggests that while the area benefits from a higher-than-local FMR, the local market may not fully capitalize on it, indicating a moderate yield potential.
To further contextualize, the median home value stands at $126,894. Given this figure, the market rent of $725 represents an annualized rental income of approximately $8,700, which translates to a 6.85% yield based on the home value. This percentage is a key indicator of the investment's profitability relative to its cost.
Moving onto stability, the data reveals that only 11.7% of residents are renters, which is a low figure suggesting that the rental market is not robust. The lack of data on days on market (DOM) indicates either a limited supply of rental properties or a stable demand-supply balance without significant fluctuations. The median household income is reported as $67,917, which is a positive sign as it implies a relatively strong ability to pay rent.
Based on these metrics, ZIP 67849 leans towards being a steady-cashflow zone. While the yield is not exceptionally high due to the disparity between the FMR and market rent, the presence of a stable income level among residents supports consistent cash flow. The low percentage of renters might suggest that finding tenants could be challenging, but once secured, they are likely to have the financial capability to sustain long-term leases.
A steady-cashflow zone is typically less volatile and offers predictable returns, making it suitable for small-portfolio investors seeking reliable passive income rather than those looking for high-risk, high-reward opportunities. For landlords, this ZIP code provides a balanced environment where investments can generate regular income without the need for frequent tenant turnover or price adjustments.
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.