Real Estate Investing in Wallace County, Kansas

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

2 ZIP codes • Population: 1,307

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

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

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 (52/100)

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: 10.6% vacancy may signal weakening demand.

What’s happening in Wallace County, KS?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $153,963
Avg Monthly Rent $792
ZIP Codes 2

Investing in Wallace County Real Estate

Wallace County spans 2 ZIP codes across 2 cities in Kansas, with a population of 1,307. The county's soft investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

firmly Wallace County's β˜…β˜…β˜…β˜†β˜† aggregate rating reflects soft investor metrics across the board β€” soft rent growth, soft appreciation, and structural headwinds worth taking seriously.

Distressed-leaning demographics in Wallace β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† 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.
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Landlord Ground Truth

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

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Avg Home Value
$153,963
Avg Monthly Rent
$792
1% Rule
βœ— Below
Landlord Friendly (KS)
β˜…β˜…β˜…β˜…β˜…

Cities in Wallace County

ZIP Codes in Wallace County, KS

Screen every market in Wallace County

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 Wallace County

What is the investability score for, KS?

The 3.0/5 investability rating in, KS reflects its $154K prices and $792/mo rents. Investors generally consider it a solid option within KS.

What kind of vacancy should I budget for in, KS?

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

What do landlords charge for rent in, KS?

The typical rental in, KS commands about $792/mo monthly. That rent profile reliable cash flow against the $154K purchase basis.

How does, KS rank within KS?

Versus statewide KS, is broadly in line with. Its 3.0/5 investability score reflects that position.

Community Ratings

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