Real Estate Investing in Mound City, Kansas (66056)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66056 (Mound City, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.8% 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 Mound City, KS (66056)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66056 Mound City
Investors eyeing 66056 need to respect the fundamentals at play. Home values of $135K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66056 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 66056 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A substantial renter share of 21% in 66056 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Mound City's stable or hybrid ZIPs before stepping into 66056. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mound City:
Property Strategy for 66056
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,999 | $1,030 | 4.6% | +9.7% | $79,999 |
| 3BR | $226,682 | $1,350 | 4.3% | +10.3% | $75,561 |
| 4BR | $293,079 | $1,570 | 3.9% | +10.0% | $73,270 |
Market Trends
Home Value History (with trend line)
📊 How Does 66056 Compare?
| Metric | 66056 | Mound City | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $134,740 | $134,740 | N/A | $237,409 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 7.2% |
| Avg Rent | $927 | $927 | 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 66056 (Mound City, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66056 (Mound City, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $134,740 |
| Monthly Rent | $927 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 66056
Population: 1,428
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 66056
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
What is the typical home price in Mound City, KS?
Mound City, KS home values average about $135K. That price point suits investors targeting rentals with $927/mo in monthly income.
What kind of tenants rent in Mound City, KS?
Expect a solid tenant pool in Mound City, KS. The rental market absorbs $927/mo rents without meaningful friction.
How strong is Mound City, KS for real estate investors?
Yes - Mound City, KS a 3.0/5 investability score. With $135K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Mound City, KS a good market for FHA house hackers?
The a challenging house-hack environment in Mound City, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What real estate strategy is ideal for Mound City, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Mound City, KS. With home values at $135K and rents near $927/mo, other strategies can work but produce stable rather than outsized returns.
You know 66056 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66056 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 66056 ranks in Kansas City, MO-KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66056 (Mound City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66056 (Mound City, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.