Real Estate Investing in Princeton, Kansas (66078)
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Should you buy in 66078 (Princeton, 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.
- High price-to-rent: Price-to-rent ratio 32.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Princeton, KS (66078)?
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Market Analysis: 66078 Princeton
ZIP 66078 in Princeton, KS carries a notable set of headwinds. Home values near $352K and rents of $909/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66078 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 66078's metrics run below Franklin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 66078 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 66078 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Princeton:
Market Trends
Home Value History (with trend line)
📊 How Does 66078 Compare?
| Metric | 66078 | Princeton | Ottawa, KS | Kansas |
|---|---|---|---|---|
| Home Value | $351,656 | $351,656 | N/A | $237,409 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.2% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66078 (Princeton, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,656 |
| Monthly Rent | $909 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (2.0%). 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 66078
Population: 766
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical vacancy rate in Princeton, KS?
Rental vacancy in Princeton, KS is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Princeton, KS?
Princeton, KS draws a even-keeled base of working renters. Demand at the $909/mo rent level is reasonable for standard single-family and small multi rentals.
How do experienced investors play Princeton, KS?
For Princeton, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are eviction rules reasonable in Princeton, KS?
Princeton, KS operates under KS law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
How strong are rents in Princeton, KS?
Expect rents around $909/mo per month in Princeton, KS. With home values at $352K, the yield math works out to reasonable levels for rental investors.
You know 66078 now. You don’t know where it ranks.
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How 66078 ranks in Ottawa, KS
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