Real Estate Investing in Leon, Kansas
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Should you buy in Leon, KS? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.8% of homes vacant — above national norms.
What’s happening in Leon, KS?
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Market Trends — Leon, KS
Home Value History
Investing in Leon Real Estate
Leon (Kansas) spans 1 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.
Leon 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.
Rents in Leon at $864/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 Leon show real pressure — median income of $N/AK is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Wichita, KS
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ZIP Codes in Leon, KS
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View PlansFrequently Asked Questions About Leon, KS
Are renters plentiful in Leon, KS?
Working renters make up the core of the Leon, KS tenant base. The pool is reasonable for investors targeting long-term holds.
Is Leon, KS a good market for buy-and-hold investors?
Investors tracking Leon, KS will find a 3.0/5 rating supported by $213K median home values and $864/mo rents. That profile suits long-term holders targeting stable returns.
Is Leon, KS a good market for FHA house hackers?
Leon, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
How do landlord-tenant laws work in Leon, KS?
KS law landlord-friendly for landlords, and Leon inherits those rules. Investors should still review local ordinances for rental licensing.
What is the average home sale price in Leon, KS?
Typical homes in Leon, KS go for around $213K. The 5-year CAGR of 0.0% consistent price movement.
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