Real Estate Investing in Lansing, Kansas (66043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66043 (Lansing, 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.
What’s happening in Lansing, KS (66043)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66043 Lansing
Investors eyeing 66043 need to respect the fundamentals at play. Home values of $331K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66043 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within KS, ZIP 66043 trails on several market indicators that neighboring Leavenworth County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 66043 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 66043 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lansing:
Property Strategy for 66043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,345 | $1,310 | 5.4% | +9.3% | $87,172 |
| 3BR | $260,122 | $1,710 | 4.7% | +7.6% | $86,707 |
| 4BR | $358,188 | $2,030 | 4.1% | +6.7% | $89,547 |
| 5BR | $439,823 | — | — | +5.7% | $87,965 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66043 Compare?
| Metric | 66043 | Lansing | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $330,991 | $330,991 | N/A | $237,409 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.2% |
| Avg Rent | $1,350 | $1,350 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 66043 (Lansing, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $330,991 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 66043
Population: 10,821
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 66043
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
Investor Insight: With 2,281 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in Lansing, KS?
Vacancy in Lansing, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,350/mo.
Does Lansing, KS make sense for an investment property?
With a 3.0/5 investability score, Lansing, KS ranks as a solid market for rental property investors. Median prices of $331K and rents of $1,350/mo drive the underlying numbers.
What is the average home sale price in Lansing, KS?
Expect median prices around $331K in Lansing, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Which real estate strategy fits Lansing, KS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lansing, KS. The numbers - $331K homes against $1,350/mo rents - support that play.
How strong is the working-renter base in Lansing, KS?
The renter base in Lansing, KS is reasonable for the $1,350/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 66043 now. You don’t know where it ranks.
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How 66043 ranks in Kansas City, MO-KS
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