Real Estate Investing in Garnett, Kansas (66032)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66032 (Garnett, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Garnett, KS (66032)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66032 Garnett
ZIP 66032 inside Anderson looks affordable on the surface — median value of $189K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 66032 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within KS, ZIP 66032 trails on several market indicators that neighboring Anderson submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Resident income in 66032 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 66032 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Garnett:
Property Strategy for 66032
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,998 | $890 | 5.5% | +12.3% | $58,499 |
| 3BR | $197,517 | $1,160 | 4.2% | +9.4% | $65,839 |
| 4BR | $245,937 | $1,490 | 4.4% | +9.0% | $61,484 |
Market Trends
Home Value History (with trend line)
📊 How Does 66032 Compare?
| Metric | 66032 | Garnett | Kansas |
|---|---|---|---|
| Home Value | $188,931 | $188,931 | $237,409 |
| 5-Year CAGR | 6.7% | 6.7% | 7.2% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 66032 (Garnett, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,931 |
| Monthly Rent | $801 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (3.3%). 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 66032
Population: 5,133
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 66032
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.
Frequently Asked Questions
How do home values compare in Garnett, KS?
In Garnett, KS the median home value sits at $189K. Against the broader KS market, that reads as reasonable for most investors.
How deep is the rental pool in Garnett, KS?
Expect a solid tenant pool in Garnett, KS. The rental market absorbs $801/mo rents without meaningful friction.
How much do tenants pay in Garnett, KS?
Rent in Garnett, KS is around $801/mo. The resulting rent-to-value relationship with $189K pricing is reasonable for most investor models.
Is Garnett, KS landlord-friendly?
KS law landlord-friendly for landlords, and Garnett inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical vacancy rate in Garnett, KS?
Occupancy in Garnett, KS runs predictable with elevated vacancy. Well-priced units at $801/mo lease on reasonable timelines.
You know 66032 now. You don’t know where it ranks.
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