Real Estate Investing in Parker, Kansas (66072)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66072 (Parker, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.3 — 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 Parker, KS (66072)?
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Market Analysis: 66072 Parker
ZIP 66072 inside Linn County looks affordable on the surface — median value of $349K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 66072 is durable only for operators who understand what they are buying. A $349K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 66072's metrics run below Linn County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 5% in 66072 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 66072 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 Parker:
Market Trends
Home Value History (with trend line)
📊 How Does 66072 Compare?
| Metric | 66072 | Parker | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $348,958 | $348,958 | N/A | $237,409 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 7.2% |
| Avg Rent | $1,107 | $1,107 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66072 (Parker, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,958 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +16.0% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.5%). 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 66072
Population: 1,201
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 66072
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 strong is Parker, KS for real estate investors?
Our data puts Parker, KS at 3.0/5 for investability. Home prices of $349K and rents around $1,107/mo create a solid backdrop for investor activity.
Which real estate strategy fits Parker, KS?
For Parker, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average home sale price in Parker, KS?
Parker, KS median home values land near $349K. That is reasonable territory for investors looking at $1,107/mo-per-month rentals.
Do rentals sit vacant long in Parker, KS?
Parker, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is the tenant base reliable in Parker, KS?
Tenant quality in Parker, KS ranks as solid. Landlords generally report stable occupancy at market rents of $1,107/mo.
You know 66072 now. You don’t know where it ranks.
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How 66072 ranks in Kansas City, MO-KS
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