Real Estate Investing in Oskaloosa, Kansas (66066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66066 (Oskaloosa, 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 price-to-rent: Price-to-rent ratio 31.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oskaloosa, KS (66066)?
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Market Analysis: 66066 Oskaloosa
From a cash-flow lens, ZIP 66066 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $324K median. It rewards specialists, not generalists.
The investment case in 66066 is substantial only for operators who understand what they are buying. A $324K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Stepping back, 66066 offers a low basis, the region around Oskaloosa has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 66066 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 66066 is an operator game, not a passive one. Meanwhile, entry prices of $324K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oskaloosa:
Property Strategy for 66066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $217,192 | $940 | 3.1% | +9.0% | $108,596 |
| 3BR | $316,053 | $1,240 | 2.8% | +9.1% | $105,351 |
| 4BR | $341,791 | $1,250 | 2.6% | +8.7% | $85,448 |
Market Trends
Home Value History (with trend line)
📊 How Does 66066 Compare?
| Metric | 66066 | Oskaloosa | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $323,547 | $323,547 | N/A | $237,409 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.2% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 66066 (Oskaloosa, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $323,547 |
| Monthly Rent | $846 |
| Price-to-Rent | 31.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 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 (2.0%). 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 66066
Population: 2,750
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 66066
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
How high is vacancy risk in Oskaloosa, KS?
Vacancy in Oskaloosa, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
Which real estate strategy fits Oskaloosa, KS?
Oskaloosa, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($324K prices, $846/mo rents) make it a reasonable choice.
Is real estate in Oskaloosa, KS a good investment right now?
Investors tracking Oskaloosa, KS will find a 3.0/5 rating supported by $324K median home values and $846/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is the tenant base reliable in Oskaloosa, KS?
Tenant quality in Oskaloosa, KS ranks as solid. Landlords generally report stable occupancy at market rents of $846/mo.
How much rent can I charge in Oskaloosa, KS?
Rental rates in Oskaloosa, KS average $846/mo. Tenant demand and $324K home values make the yield look reasonable by investor standards.
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How 66066 ranks in Topeka, KS
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