Real Estate Investing in Troy, Kansas (66087)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66087 (Troy, 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 vacancy: 13.5% of homes vacant — above national norms.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Troy, KS (66087)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66087 Troy
The 66087 ZIP in Troy, KS is a local-operator market. Outside capital chasing a $173K entry has to pair deep knowledge with the discount.
The 66087 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KS, ZIP 66087 trails on several market indicators that neighboring Doniphan submarkets outperform. The gap is real and healthy enough to shape underwriting.
A significant renter share of 21% in 66087 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 66087 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 Troy:
Property Strategy for 66087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,167 | $940 | 5.9% | +8.5% | $57,083 |
| 3BR | $181,281 | $1,190 | 4.7% | +9.0% | $60,427 |
Market Trends
Home Value History (with trend line)
📊 How Does 66087 Compare?
| Metric | 66087 | Troy | Kansas |
|---|---|---|---|
| Home Value | $172,614 | $172,614 | $237,409 |
| 5-Year CAGR | 8.5% | 8.5% | 7.2% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 66087 (Troy, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,614 |
| Monthly Rent | $846 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +16.2% ▲ |
| 3-Year CAGR | +9.9% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.8%). 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 66087
Population: 2,035
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 66087
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
Should investors consider Troy, KS?
With a 3.0/5 investability score, Troy, KS ranks as a solid market for rental property investors. Median prices of $173K and rents of $846/mo drive the underlying numbers.
How do experienced investors play Troy, KS?
The best-fit strategy in Troy, KS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How tight is the rental market in Troy, KS?
Vacancy risk in Troy, KS is elevated. That supports stable cash flow for typical rental holds.
How deep is the rental pool in Troy, KS?
The tenant pool in Troy, KS is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
How do landlord-tenant laws work in Troy, KS?
KS law landlord-friendly for landlords, and Troy inherits those rules. Investors should still review local ordinances for rental licensing.
You know 66087 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66087 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.
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Community Ratings
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