Location: Scott County, KS | Metro: Finney County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 67871, encompassing Scott City, Kansas, presents an interesting scenario for both renters and landlords. The median household income in this area stands at $68,339 according to recent Census ACS data. However, the market rate for rent is set at $669, which means that on average, a household would be spending a significant portion of their income on housing alone. This expenditure is even more pronounced when compared to the federal payment standard for Section 8 vouchers, which is $930 for the metro area in fiscal year 2026.
The disparity between the market rate and the voucher payment standard highlights a notable affordability gap for renters. At $669, the market rate is significantly below the voucher payment standard, indicating that landlords who accept vouchers could potentially receive higher rental payments than those who do not. Given that 31.4% of the population are renters and the total population is 4,985, it becomes evident that a considerable segment of the local market could benefit from the financial support provided by Section 8 vouchers.
This situation also has implications for landlord competition. Landlords who are willing to accept Section 8 vouchers might have an advantage over those who do not, as they can offer units that are financially accessible to a larger number of potential tenants. Moreover, the higher payment standard from vouchers could provide a more stable and reliable source of income compared to market-rate rents, which can fluctuate based on economic conditions and tenant availability.
In conclusion, for landlords considering their strategy in ZIP 67871, accepting Section 8 vouchers can be a beneficial approach. It allows them to tap into a segment of the market that might otherwise struggle to find affordable housing, while also ensuring a steady income stream that exceeds the current market rate. This strategy not only supports the local community but also provides a competitive edge in a market where affordability is a key concern for many renters.
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.