Real Estate Investing in Olpe, Kansas

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

1 ZIP codes • Population: 1,189 • Lyon County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

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: 16.9% of homes vacant — above national norms.

What’s happening in Olpe, KS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.7% 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 $288,267
Avg Monthly Rent $1,035
ZIP Codes 1

Investing in Olpe Real Estate

Across Olpe's 1 ZIPs, the picture is sluggish: $288K median values, $1,035/mo rents, and a population that has faced real economic pressure.

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

Rents in Olpe at $1,035/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.

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

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Best ZIP codes in Emporia, KS

Olpe 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
$288,267
Avg Monthly Rent
$1,035
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Emporia, KS metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
62%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Emporia, KS metro
0
Days to pending
8.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Olpe, KS

Screen every ZIP in Olpe

Filter Olpe’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 Olpe, KS

Are there empty rentals in Olpe, KS?

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

What approach is best for Olpe, KS real estate?

The best-fit strategy in Olpe, KS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

What do rentals go for in Olpe, KS?

Rental rates in Olpe, KS average $1,035/mo. Tenant demand and $288K home values make the yield look reasonable by investor standards.

How do home values compare in Olpe, KS?

Homes in Olpe, KS typically sell near $288K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.

How does Olpe, KS rate as a rental market?

Olpe, KS rates 3.0/5 for investability. With median values at $288K and rents near $1,035/mo, the market offers reasonable fundamentals for rental investors.

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