Real Estate Investing in Olathe, Kansas (66062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66062 (Olathe, 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 Olathe, KS (66062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66062 Olathe
Investors eyeing 66062 need to respect the fundamentals at play. Home values of $446K come alongside slower price movement and elevated management overhead.
The 66062 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KS, ZIP 66062 trails on several market indicators that neighboring Johnson County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 66062 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 66062 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 Olathe:
Property Strategy for 66062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $320,497 | $1,560 | 3.5% | +5.4% | $160,248 |
| 3BR | $352,248 | $2,030 | 4.1% | +6.9% | $117,416 |
| 4BR | $450,959 | $2,420 | 3.9% | +7.0% | $112,740 |
| 5BR | $611,451 | — | — | +6.7% | $122,290 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66062 Compare?
| Metric | 66062 | Olathe | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $445,722 | $443,272 | N/A | $237,409 |
| 5-Year CAGR | 5.7% | 5.6% | N/A | 7.2% |
| Avg Rent | $1,850 | $1,842 | 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 66062 (Olathe, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $445,722 |
| Monthly Rent | $1,850 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
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 66062
Population: 77,794
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 66062
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 5,786 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Olathe, KS a good market for buy-and-hold investors?
The 3.0/5 investability rating in Olathe, KS reflects its $446K prices and $1,850/mo rents. Investors generally consider it a solid option within KS.
Which real estate strategy fits Olathe, KS?
Most investors in Olathe, KS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is vacancy a concern in Olathe, KS?
Olathe, KS sees elevated vacancy, which is reasonable relative to the broader KS rental market.
Are eviction rules reasonable in Olathe, KS?
Landlord-friendliness in Olathe, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of tenants rent in Olathe, KS?
The tenant pool in Olathe, KS is solid, supported by local employment and population fundamentals. Rents of $1,850/mo are well-absorbed by the market.
You know 66062 now. You don’t know where it ranks.
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How 66062 ranks in Kansas City, MO-KS
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