Real Estate Investing in Edgerton, Kansas (66021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66021 (Edgerton, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Edgerton, KS (66021)?
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Market Analysis: 66021 Edgerton
ZIP 66021 inside Johnson County looks affordable on the surface — median value of $308K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,197/mo on a $308K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66021 sits below the stated 0.0% once reality is priced in.
The gap between 66021 and stronger Edgerton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 66021 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 66021 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Edgerton:
Property Strategy for 66021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $218,237 | $1,330 | 4.4% | +7.5% | $109,119 |
| 3BR | $282,566 | $1,750 | 4.5% | +7.3% | $94,189 |
| 4BR | $404,382 | $2,080 | 3.7% | +7.6% | $101,096 |
Market Trends
Home Value History (with trend line)
📊 How Does 66021 Compare?
| Metric | 66021 | Edgerton | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $307,668 | $307,668 | N/A | $237,409 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.2% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 66021 (Edgerton, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $307,668 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.0%). 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 66021
Population: 2,792
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 66021
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 strong is Edgerton, KS for real estate investors?
Investors tracking Edgerton, KS will find a 3.0/5 rating supported by $308K median home values and $1,197/mo rents. That profile suits long-term holders targeting consistent returns.
What is the typical rental rate in Edgerton, KS?
Rent in Edgerton, KS is around $1,197/mo. The resulting rent-to-value relationship with $308K pricing is reasonable for most investor models.
Are eviction rules reasonable in Edgerton, KS?
Edgerton, KS operates under KS law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What type of investing works in Edgerton, KS?
In Edgerton, KS the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $308K prices and $1,197/mo rents suits that approach.
Do rentals sit vacant long in Edgerton, KS?
Edgerton, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 66021 now. You don’t know where it ranks.
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How 66021 ranks in Kansas City, MO-KS
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