Real Estate Investing in Osawatomie, Kansas (66064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66064 (Osawatomie, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Osawatomie, KS (66064)?
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Market Analysis: 66064 Osawatomie
The 66064 ZIP in Osawatomie, KS is a local-operator market. Outside capital chasing a $204K entry has to pair deep knowledge with the discount.
Rent of $972/mo on a $204K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66064 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 66064 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 66064 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 66064 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 Osawatomie:
Property Strategy for 66064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,484 | $1,080 | 5.6% | +11.4% | $69,242 |
| 3BR | $215,783 | $1,410 | 4.7% | +9.7% | $71,928 |
| 4BR | $258,325 | $1,670 | 4.7% | +9.5% | $64,581 |
Market Trends
Home Value History (with trend line)
📊 How Does 66064 Compare?
| Metric | 66064 | Osawatomie | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $204,199 | $204,199 | N/A | $237,409 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.2% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 66064 (Osawatomie, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,199 |
| Monthly Rent | $972 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (3.7%). 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 66064
Population: 5,617
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 66064
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
Is housing expensive in Osawatomie, KS?
Osawatomie, KS home values average about $204K. That price point suits investors targeting rentals with $972/mo in monthly income.
Is Osawatomie, KS suited for a house hack?
The a challenging house-hack environment in Osawatomie, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Osawatomie, KS a good place for real estate investing?
Osawatomie, KS sits at an investability rating of 3.0/5, with median home values near $204K and average rents around $972/mo. That combination puts it in the impressive tier for investor interest.
How tight is the rental market in Osawatomie, KS?
Osawatomie, KS carries elevated vacancy risk. Expect predictable absorption at market rents of $972/mo.
How strict are landlord regulations in Osawatomie, KS?
Rental owners in Osawatomie, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 66064 now. You don’t know where it ranks.
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How 66064 ranks in Kansas City, MO-KS
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