Real Estate Investing in Ottawa, Kansas (66067)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66067 (Ottawa, 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.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in Ottawa, KS (66067)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66067 Ottawa
ZIP 66067 inside Franklin County looks affordable on the surface — median value of $243K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,245/mo on a $243K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66067 sits below the stated 0.0% once reality is priced in.
In the broader KS picture, 66067 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 66067 includes headwinds that any investor should price in. Income distribution skews lower than Ottawa averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Ottawa:
Property Strategy for 66067
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,365 | $1,000 | 4.7% | +9.5% | $77,183 |
| 3BR | $240,348 | $1,200 | 3.6% | +9.0% | $80,116 |
| 4BR | $299,376 | $1,330 | 3.2% | +8.7% | $74,844 |
| 5BR | $364,560 | — | — | +7.9% | $72,912 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66067 Compare?
| Metric | 66067 | Ottawa | Ottawa, KS | Kansas |
|---|---|---|---|---|
| Home Value | $242,664 | $242,664 | N/A | $237,409 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.2% |
| Avg Rent | $1,245 | $1,245 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 66067 (Ottawa, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,664 |
| Monthly Rent | $1,245 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (4.0%). 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 66067
Population: 16,146
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 66067
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
Frequently Asked Questions
What type of investing works in Ottawa, KS?
For Ottawa, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much is rent in Ottawa, KS?
Investors in Ottawa, KS typically see rents near $1,245/mo per month against $243K home values - a solid setup for rental cash flow.
How do landlord-tenant laws work in Ottawa, KS?
Rental owners in Ottawa, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Ottawa, KS?
For house hackers, Ottawa, KS is a challenging. The $1,245/mo rent on a unit helps defray the mortgage on a $243K property.
What is the investability score for Ottawa, KS?
Ottawa, KS rates 3.0/5 for investability. With median values at $243K and rents near $1,245/mo, the market offers reasonable fundamentals for rental investors.
You know 66067 now. You don’t know where it ranks.
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How 66067 ranks in Ottawa, KS
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