Real Estate Investing in Riley, Kansas

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

1 ZIP codes • Population: 1,348 • Riley County

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

🏠 For Homebuyers
MIXED
Grade C (60/100)

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: 12.5% of homes vacant — above national norms.

What’s happening in Riley, KS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.0% 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 $226,261
Avg Monthly Rent $1,071
ZIP Codes 1

Investing in Riley Real Estate

Across Riley's 1 ZIPs, the picture is underwhelming: $226K median values, $1,071/mo rents, and a population that has faced real economic pressure.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Riley is in that category.

Rents in Riley at $1,071/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.

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

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 Manhattan, KS

Riley 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
$226,261
Avg Monthly Rent
$1,071
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Manhattan, KS metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
48%
Days Pending
0/2
33 days

View all metro crash risk rankings →

⚖️ Balanced Market — Manhattan, KS metro
33
Days to pending
9.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Riley, KS

Screen every ZIP in Riley

Filter Riley’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 Riley, KS

What is the investability score for Riley, KS?

Riley, KS reports an investability rating of 3.0/5, with median home values near $226K and average rents around $1,071/mo. That combination puts it in the resilient tier for investor interest.

Do landlords face vacancy issues in Riley, KS?

Rental vacancy in Riley, KS is elevated. Investors should budget normal turnover but not chronic empty units.

What do landlords charge for rent in Riley, KS?

Expect rents around $1,071/mo per month in Riley, KS. With home values at $226K, the yield math works out to reasonable levels for rental investors.

Is Riley, KS good for house hacking?

The house hack math a challenging in Riley, KS. Owner-occupant buyers benefit from the $1,071/mo rents and $226K home values.

What real estate strategy is ideal for Riley, KS?

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

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