Real Estate Investing in Ellis, Kansas
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Should you buy in Ellis, KS? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.0% of homes vacant — above national norms.
What’s happening in Ellis, KS?
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Market Trends — Ellis, KS
Home Value History
Investing in Ellis Real Estate
Ellis 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 Ellis's 1 ZIPs, fundamentals run soft: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.
Rents in Ellis at $792/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
Demographics in Ellis show real pressure — median income of $N/AK is tepid relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Hays, KS
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Landlord Ground Truth
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ZIP Codes in Ellis, KS
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View PlansFrequently Asked Questions About Ellis, KS
What is the investability score for Ellis, KS?
Ellis, KS posts an investability rating of 3.0/5, with median home values near $172K and average rents around $792/mo. That combination puts it in the substantial tier for investor interest.
What are rental rates like in Ellis, KS?
Rental rates in Ellis, KS average $792/mo. Tenant demand and $172K home values make the yield look reasonable by investor standards.
How do landlord-tenant laws work in Ellis, KS?
KS law landlord-friendly for landlords, and Ellis inherits those rules. Investors should still review local ordinances for rental licensing.
Should investors worry about vacancy in Ellis, KS?
Vacancy in Ellis, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $792/mo.
Is Ellis, KS a good market for FHA house hackers?
Ellis, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $792/mo rent level.
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