Real Estate Investing in Cherryvale, Kansas

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,300 • Labette County

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Should you buy in Cherryvale, KS? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 14.3% of homes vacant — above national norms.

What’s happening in Cherryvale, KS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $113,988
Avg Monthly Rent $792
ZIP Codes 1

Investing in Cherryvale Real Estate

Cherryvale in Kansas is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Cherryvale's 1 ZIPs, fundamentals run modest: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

The $792/mo / $114K relationship in Cherryvale looks modest once vacancy and capex are incorporated into underwriting. tilts toward the realized yield tends to disappoint.

Cherryvale's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Parsons, KS

Cherryvale is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Cherryvale, KS. Anonymous, moderated, never written by AI.

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Avg Home Value
$113,988
Avg Monthly Rent
$792
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Parsons, KS metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Parsons, KS metro
0
Days to pending
6.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Cherryvale, KS

Screen every ZIP in Cherryvale

Filter Cherryvale’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Cherryvale, KS

Where do home prices stand in Cherryvale, KS?

Expect median prices around $114K in Cherryvale, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.

What strategy should investors use in Cherryvale, KS?

In Cherryvale, KS the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $114K prices and $792/mo rents suits that approach.

Is Cherryvale, KS good for landlords?

Cherryvale, KS operates under KS law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.

What kind of vacancy should I budget for in Cherryvale, KS?

Expect elevated vacancy in Cherryvale, KS. Rents at $792/mo are absorbed by the tenant base without meaningful lag.

Can owner-occupants cash flow in Cherryvale, KS?

House hacking in Cherryvale, KS is a challenging. With home values around $114K and rents at $792/mo, owner-occupants can offset a meaningful share of PITI.

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