Real Estate Investing in Highland, Kansas (66035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66035 (Highland, 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: 42.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Highland, KS (66035)?
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Market Analysis: 66035 Highland
ZIP 66035 in Highland, KS carries a significant set of headwinds. Home values near $165K and rents of $846/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 66035 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 66035 and stronger Highland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 66035 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 66035 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Highland:
Property Strategy for 66035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,060 | $940 | 5.9% | +8.4% | $57,030 |
| 3BR | $195,107 | $1,190 | 4.4% | +9.6% | $65,036 |
Market Trends
Home Value History (with trend line)
📊 How Does 66035 Compare?
| Metric | 66035 | Highland | St. Joseph, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $165,118 | $165,118 | N/A | $237,409 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.2% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 66035 (Highland, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,118 |
| Monthly Rent | $846 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.0%). 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 66035
Population: 1,388
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 66035
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
What is the median home value in Highland, KS?
Typical homes in Highland, KS go for around $165K. The 5-year CAGR of 0.0% reliable price movement.
Are renters plentiful in Highland, KS?
Highland, KS draws a steady base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
What are rental rates like in Highland, KS?
Rental rates in Highland, KS average $846/mo. Tenant demand and $165K home values make the yield look reasonable by investor standards.
Is Highland, KS better for rentals, flips, or BRRRR?
Highland, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($165K prices, $846/mo rents) make it a reasonable choice.
Are landlord laws favorable in Highland, KS?
Rental owners in Highland, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 66035 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66035 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 66035 ranks in St. Joseph, MO-KS
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Community Ratings
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