Real Estate Investing in Wathena, Kansas

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

2 ZIP codes • Population: 3,197 • Doniphan

☆ Watch this market Free account

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

🏠 For Homebuyers
GOOD FIT
Grade B (77/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.5 / 5 (59/100)

Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.

⚠️ Risks to Know
1 flag
  • High vacancy: 15.4% of homes vacant — above national norms.

What’s happening in Wathena, KS?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.5/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.6% 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 $153,927
Avg Monthly Rent $927
ZIP Codes 2

Investing in Wathena Real Estate

Wathena in Kansas is one of the markets where the numbers warn before they reward — 2 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.5 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Wathena is in that category.

Rent trends and price trends in Wathena are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Kansas.

Distressed-leaning demographics in Wathena — soft income growth, high rent burden, population shifts — are among the reasons the ★★★★☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Wathena, KS. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Wathena, KS?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$153,927
Avg Monthly Rent
$927
1% Rule
✗ Below
Landlord Friendly (KS)

ZIP Codes in Wathena, KS

Screen every ZIP in Wathena

Filter Wathena’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

View Plans

Frequently Asked Questions About Wathena, KS

What type of investing works in Wathena, KS?

Investors usually favor careful cash-flow rentals with hands-on management in Wathena, KS. With home values at $154K and rents near $927/mo, other strategies can work but produce even-keeled rather than outsized returns.

Are renters plentiful in Wathena, KS?

Wathena, KS draws a reliable base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.

Are rents high in Wathena, KS?

Wathena, KS rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $154K acquisition costs.

Is Wathena, KS landlord-friendly?

KS law landlord-friendly for landlords, and Wathena inherits those rules. Investors should still review local ordinances for rental licensing.

What does house hacking look like in Wathena, KS?

For house hackers, Wathena, KS is a challenging. The $927/mo rent on a unit helps defray the mortgage on a $154K property.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Wathena, KS.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.