Real Estate Investing in Wakarusa, Kansas

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

1 ZIP codes • Population: 1,182 • Shawnee County

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

🏠 For Homebuyers
MIXED
Grade C (67/100)

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
CLEAN

No major risk flags on the data we track.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.6% 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 $326,679
Avg Monthly Rent $927
ZIP Codes 1

Investing in Wakarusa Real Estate

Wakarusa in Kansas is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Wakarusa 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.

Rent trends and price trends in Wakarusa 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 Wakarusa 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

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Shawnee County

Manage rentals here? List your business →

WCW Property Management specializes in single and multi-family dwellings and HOAs in Northeast Kansas, Wichita, and Kansas City, KS and MO, offering services for tenants, owners, and investors. summary from their website

Single-familySmall multifamilyHOA
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PURE Property Management of Kansas offers property management services. summary from their website

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Rental Management Solutions provides property management services in Northeast Kansas, including rental search, tenant portal, and owner FAQs. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$326,679
Avg Monthly Rent
$927
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 Wakarusa, KS

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Filter Wakarusa’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 Wakarusa, KS

Is Wakarusa, KS a good market for buy-and-hold investors?

Wakarusa, KS scores 3.0/5 for investability. Home values sit at $327K and rents near $927/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

How much is rent in Wakarusa, KS?

Rental rates in Wakarusa, KS average $927/mo. Tenant demand and $327K home values make the yield look reasonable by investor standards.

What is the median home value in Wakarusa, KS?

Wakarusa, KS median home values land near $327K. That is reasonable territory for investors looking at $927/mo-per-month rentals.

What approach is best for Wakarusa, KS real estate?

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

Do rentals sit vacant long in Wakarusa, KS?

Wakarusa, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

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