Real Estate Investing in Atchison, Kansas (66002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66002 (Atchison, KS)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.8% of homes vacant — above national norms.
What’s happening in Atchison, KS (66002)?
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Market Analysis: 66002 Atchison
Put differently, ZIP 66002 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $177K median. It rewards specialists, not generalists.
For an experienced owner, 66002 can be a a strong candidate for hunting ground — but the discount at $177K reflects genuine risk that outside investors often underestimate.
From a cash-flow lens, 66002 offers a low basis, the region around Atchison has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 66002 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. durable returns are possible in 66002, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Atchison:
Property Strategy for 66002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $62,526 | $900 | 10.4% | +7.3% | $62,526 |
| 2BR | $105,705 | $1,030 | 7.0% | +11.3% | $52,853 |
| 3BR | $180,213 | $1,350 | 5.4% | +8.9% | $60,071 |
| 4BR | $231,544 | $1,570 | 4.9% | +8.3% | $57,886 |
| 5BR | $312,462 | — | — | +8.5% | $62,492 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66002 Compare?
| Metric | 66002 | Atchison | Atchison, KS | Kansas |
|---|---|---|---|---|
| Home Value | $176,557 | $176,557 | N/A | $237,409 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.2% |
| Avg Rent | $1,217 | $1,217 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66002 (Atchison, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,557 |
| Monthly Rent | $1,217 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66002
Population: 13,197
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 66002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does Atchison, KS stack up for property investment?
Yes - Atchison, KS a 3.0/5 investability score. With $177K home prices against $1,217/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much do tenants pay in Atchison, KS?
Rent in Atchison, KS is around $1,217/mo. The resulting rent-to-value relationship with $177K pricing is reasonable for most investor models.
Should investors worry about vacancy in Atchison, KS?
Vacancy in Atchison, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,217/mo.
How should investors approach Atchison, KS?
In Atchison, KS the robust play is typically careful cash-flow rentals with hands-on management. The combination of $177K prices and $1,217/mo rents suits that approach.
What is the tenant pool like in Atchison, KS?
The tenant pool in Atchison, KS is solid, supported by local employment and population fundamentals. Rents of $1,217/mo are well-absorbed by the market.
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How 66002 ranks in Atchison, KS
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