Real Estate Investing in Perry, Kansas (66073)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66073 (Perry, 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 31.0 — 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 Perry, KS (66073)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66073 Perry
The 66073 ZIP covers a section of Perry that demands careful diligence. Prices near $305K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66073 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within KS, ZIP 66073 trails on several market indicators that neighboring Jefferson County submarkets outperform. The gap is real and significant enough to shape underwriting.
A significant renter share of 17% in 66073 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Perry's stable or hybrid ZIPs before stepping into 66073. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Perry:
Property Strategy for 66073
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,182 | $910 | 3.1% | +7.4% | $104,591 |
| 3BR | $279,448 | $1,200 | 3.1% | +7.2% | $93,149 |
| 4BR | $378,620 | $1,220 | 2.3% | +7.3% | $94,655 |
Market Trends
Home Value History (with trend line)
📊 How Does 66073 Compare?
| Metric | 66073 | Perry | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $304,547 | $304,547 | N/A | $237,409 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.2% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 66073 (Perry, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66073 (Perry, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $304,547 |
| Monthly Rent | $819 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.1%). 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 66073
Population: 2,381
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 66073
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 6,045 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Perry, KS?
Expect rents around $819/mo per month in Perry, KS. With home values at $305K, the yield math works out to reasonable levels for rental investors.
How do landlord-tenant laws work in Perry, KS?
Landlord-friendliness in Perry, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is real estate in Perry, KS a good investment right now?
Our data puts Perry, KS at 3.0/5 for investability. Home prices of $305K and rents around $819/mo create a solid backdrop for investor activity.
What is the typical vacancy rate in Perry, KS?
Expect elevated vacancy in Perry, KS. Rents at $819/mo are absorbed by the tenant base without meaningful lag.
Can I house hack in Perry, KS?
The house hack math a challenging in Perry, KS. Owner-occupant buyers benefit from the $819/mo rents and $305K home values.
You know 66073 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66073 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 66073 ranks in Topeka, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66073 (Perry)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66073 (Perry, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.