Real Estate Investing in Melvern, Kansas

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

1 ZIP codes • Population: 619 • Osage County

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

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 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
1 flag
  • High vacancy: 14.8% of homes vacant — above national norms.

What’s happening in Melvern, KS?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

9.1% 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 $222,215
Avg Monthly Rent $873
ZIP Codes 1

Investing in Melvern Real Estate

Melvern, KS covers 1 ZIP codes and a population but the investment metrics here are tepid — this is not a market to enter casually.

The investment case for Melvern is difficult to make on screen data alone. less favorable for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

unambiguously Melvern's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

A an established population with $N/AK household income profile is what makes Melvern 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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Best ZIP codes in Topeka, KS

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$222,215
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Topeka, KS metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
40%
Days Pending
0/2
35 days

View all metro crash risk rankings →

⚖️ Balanced Market — Topeka, KS metro
35
Days to pending
10.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Melvern, KS

Screen every ZIP in Melvern

Filter Melvern’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 Melvern, KS

Should investors consider Melvern, KS?

The 3.0/5 investability rating in Melvern, KS reflects its $222K prices and $873/mo rents. Investors generally consider it a solid option within KS.

What do landlords charge for rent in Melvern, KS?

Rent in Melvern, KS is around $873/mo. The resulting rent-to-value relationship with $222K pricing is reasonable for most investor models.

Is Melvern, KS better for rentals, flips, or BRRRR?

For Melvern, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

What are vacancy rates like in Melvern, KS?

Melvern, KS sees elevated vacancy, which is reasonable relative to the broader KS rental market.

What is the median home value in Melvern, KS?

Typical homes in Melvern, KS go for around $222K. The 5-year CAGR of 0.0% measured price movement.

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