Location: Gray County, KS | Metro: Finney County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
27.3% of residents in ZIP code 67868 are renters, indicating a significant demand for rental properties in the area. $36,250 is the median income for this region, which can be used to gauge the affordability of housing for potential tenants. $1,030 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, setting a benchmark for what landlords should aim to charge to remain competitive and accessible to low-income families. While the specific day DOM (days on market) and the percentage of price-cut share are not available, these figures would typically help landlords understand how quickly properties are being rented and if they need to adjust their pricing strategies.
The $1,030 FMR suggests that landlords can charge up to this amount for a Section 8 voucher holder to cover their rent. However, given the 27.3% renter share, it's important to consider the broader rental market dynamics. Landlords should also be aware that the median income of $36,250 may limit the ability of some tenants to contribute to rent beyond the Section 8 subsidy, especially if the property is priced close to or above the FMR. This means that landlords must ensure their rental properties are well-maintained and attractive to those seeking affordable housing options, as competition for tenants could be fierce.
A final consideration for landlords is the potential for long-term tenancy stability provided by Section 8 vouchers. These vouchers can offer a reliable source of rental income, though the initial setup and ongoing compliance can be administratively demanding. The $1,030 FMR provides a clear guideline for pricing, ensuring that the property remains affordable while still generating sufficient revenue.
Based on the available data, the Section 8 program in ZIP 67868 presents an opportunity for landlords who are willing to comply with the necessary regulations and can offer quality, affordable housing. The $1,030 FMR aligns closely with the needs of the local tenant population, making it a viable option for those looking to invest in the rental market here.
Verdict: Section 8 is a solid investment strategy in ZIP 67868, with the $1,030 FMR providing a clear target for pricing and the 27.3% renter share ensuring demand for rental units.
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.