Real Estate Investing in Richmond, Kansas (66080)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66080 (Richmond, 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: 8.6% vacancy may signal weakening demand.
• 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 Richmond, KS (66080)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66080 Richmond
ZIP 66080 inside Franklin County looks affordable on the surface — median value of $231K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66080 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Richmond have seen price recovery that 66080 has not matched. Franklin County data supports the view that the spread is structural rather than temporary.
Looking more closely, 928 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 66080 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Richmond:
Market Trends
Home Value History (with trend line)
📊 How Does 66080 Compare?
| Metric | 66080 | Richmond | Ottawa, KS | Kansas |
|---|---|---|---|---|
| Home Value | $231,445 | $263,513 | N/A | $237,409 |
| 5-Year CAGR | 8.1% | 8.3% | N/A | 7.2% |
| Avg Rent | $855 | $909 | N/A | - |
| Cap Rate | 2.9% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66080 (Richmond, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,445 |
| Monthly Rent | $855 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (2.9%). 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 66080
Population: 928
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 66080
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
Where do home prices stand in Richmond, KS?
Richmond, KS home values average about $231K. That price point suits investors targeting rentals with $855/mo in monthly income.
What kind of tenants rent in Richmond, KS?
Tenant quality in Richmond, KS ranks as solid. Landlords generally report measured occupancy at market rents of $855/mo.
What strategy should investors use in Richmond, KS?
A careful cash-flow rentals with hands-on management strategy Richmond, KS best. The market produces steady results for that approach at the $231K price point.
How strong is Richmond, KS for real estate investors?
Richmond, KS scores 3.0/5 for investability. Home values sit at $231K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do landlord-tenant laws work in Richmond, KS?
KS ranks as a landlord-friendly state for landlord-tenant law. Richmond generally follows the statewide framework, so landlords face reasonable operating rules.
You know 66080 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66080 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 66080 ranks in Ottawa, KS
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