Real Estate Investing in Ellis County, Kansas

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

4 ZIP codes • Population: 28,989

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

🏠 For Homebuyers
GOOD FIT
Grade B (74/100)

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

πŸ“ˆ 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
  • Elevated vacancy: 9.9% vacancy may signal weakening demand.

What’s happening in Ellis County, KS?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $201,319
Avg Monthly Rent $856
ZIP Codes 4

Investing in Ellis County Real Estate

Ellis County is one of those Kansas regions where numbers warn before they reward. 4 cities, 28,989 residents, and a rating that reflects material risk.

The investment case for Ellis County is difficult to make on screen data alone. better suited elsewhere for a 3.0 rating and cap rates that appear attractive only until real vacancy is underwritten.

A 28,989 population and $N/AK household income profile is what makes Ellis a challenging rental region β€” the 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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Landlord Ground Truth

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

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Avg Home Value
$201,319
Avg Monthly Rent
$856
1% Rule
βœ— Below
Landlord Friendly (KS)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Hays, KS metro

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

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Ellis County

2 Colleges 12,917 Students 847 Off-Campus Renters
C+
Fort Hays State University
4-Year Public Β· 12,843 students
πŸ“ ~847 students rent off-campus
C
Hays Academy of Hair Design
Vocational For-Profit Β· 74 students

Investor Insight: With 847 students living off-campus, Ellis County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Ellis County

ZIP Codes in Ellis County, KS

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Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Ellis County

How much should I expect to pay for a home in, KS?

Typical homes in, KS go for around $201K. The 5-year CAGR of 0.0% steady price movement.

Is, KS landlord-friendly?

KS law tenant-protective for landlords, and inherits those rules. Investors should still review local ordinances for rental licensing.

Are tenants stable in, KS?

, KS draws a stable base of working renters. Demand at the $856/mo rent level is reasonable for standard single-family and small multi rentals.

Is, KS above average for KS?

within KS reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

Community Ratings

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