Real Estate Investing in Mission, Kansas (66202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66202 (Mission, 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.
No major risk flags on the data we track.
What’s happening in Mission, KS (66202)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66202 Mission
The 66202 ZIP covers a section of Mission that demands careful diligence. Prices near $330K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 66202 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 66202 and stronger Mission ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 66202 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 66202 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 Mission:
Property Strategy for 66202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $258,110 | $1,350 | 3.8% | +8.1% | $129,055 |
| 3BR | $318,114 | $1,760 | 4.0% | +7.0% | $106,038 |
| 4BR | $391,870 | $2,090 | 3.8% | +6.5% | $97,967 |
| 5BR | $491,692 | — | — | +6.6% | $98,338 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66202 Compare?
| Metric | 66202 | Mission | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $330,413 | $330,413 | N/A | $237,409 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.2% |
| Avg Rent | $1,681 | $1,681 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 66202 (Mission, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66202 (Mission, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $330,413 |
| Monthly Rent | $1,681 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +7.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 66202
Population: 17,321
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 66202
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Tomahawk Elem
Bluejacket-Flint
Comanche Elem
Highlands Elem
Merriam Park Elementary
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 1,909 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Mission, KS?
Mission, KS draws a steady base of working renters. Demand at the $1,681/mo rent level is reasonable for standard single-family and small multi rentals.
Does Mission, KS make sense for an investment property?
With a 3.0/5 investability score, Mission, KS ranks as a solid market for rental property investors. Median prices of $330K and rents of $1,681/mo drive the underlying numbers.
What is the rental occupancy rate in Mission, KS?
Occupancy in Mission, KS runs reliable with elevated vacancy. Well-priced units at $1,681/mo lease on reasonable timelines.
How do experienced investors play Mission, KS?
The best-fit strategy in Mission, KS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How do home values compare in Mission, KS?
In Mission, KS the median home value sits at $330K. Against the broader KS market, that reads as reasonable for most investors.
You know 66202 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66202 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 66202 ranks in Kansas City, MO-KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66202 (Mission)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66202 (Mission, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.