Real Estate Investing in Lake City, Kansas

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

2 ZIP codes • Population: 498 • Barber County

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Should you buy in Lake City, 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 (47/100)

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

⚠️ Risks to Know
2 flags
  • High vacancy: 34.4% of homes vacant — above national norms.
  • Elevated poverty: 38.6% poverty rate — can affect rent collection.

What’s happening in Lake City, KS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

7.0% 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 $85,963
Avg Monthly Rent $792
ZIP Codes 2

Investing in Lake City Real Estate

Lake City (Kansas) spans 2 ZIPs and roughly a sizable population. clearly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Lake City is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

Rent trends and price trends in Lake City are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Kansas.

A an established population with $N/AK household income profile is what makes Lake City a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$85,963
Avg Monthly Rent
$792
1% Rule
✗ Below
Landlord Friendly (KS)

ZIP Codes in Lake City, KS

Screen every ZIP in Lake City

Filter Lake City’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 Lake City, KS

Is housing expensive in Lake City, KS?

Expect median prices around $86K in Lake City, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.

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

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

How much is rent in Lake City, KS?

Rental rates in Lake City, KS average $792/mo. Tenant demand and $86K home values make the yield look reasonable by investor standards.

What is the smart move for investors in Lake City, KS?

A careful cash-flow rentals with hands-on management strategy Lake City, KS best. The market produces steady results for that approach at the $86K price point.

How deep is the rental pool in Lake City, KS?

Working renters make up the core of the Lake City, KS tenant base. The pool is reasonable for investors targeting long-term holds.

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