Real Estate Investing in Roeland Park, Kansas (66205)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66205 (Roeland Park, 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 Roeland Park, KS (66205)?
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Market Analysis: 66205 Roeland Park
ZIP 66205 in Roeland Park, KS carries a notable set of headwinds. Home values near $405K and rents of $2,133/mo sit inside a market where underwriting has to be tight.
The investment case in 66205 is resilient only for operators who understand what they are buying. A $405K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Roeland Park have seen price recovery that 66205 has not matched. Johnson County data supports the view that the spread is structural rather than temporary.
The 66205 ZIP's population of 13,728 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 66205 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Roeland Park:
Property Strategy for 66205
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,365 | $1,740 | 4.4% | +7.4% | $142,183 |
| 3BR | $383,668 | $2,270 | 4.3% | +6.5% | $127,889 |
| 4BR | $592,096 | $2,690 | 3.3% | +6.6% | $148,024 |
| 5BR | $1,076,373 | — | — | +7.6% | $215,275 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66205 Compare?
| Metric | 66205 | Roeland Park | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $404,508 | $404,508 | N/A | $237,409 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.2% |
| Avg Rent | $2,133 | $2,133 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 66205 (Roeland Park, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $404,508 |
| Monthly Rent | $2,133 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 66205
Population: 13,728
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 66205
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FOREIGN LANGUAGE ACADEMY
Thomas A Edison Elem
Rosedale Middle
GORDON PARKS ELEM.
BORDER STAR MONTESSORI
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 3,078 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Roeland Park, KS?
Median home price in Roeland Park, KS is near $405K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Are renters plentiful in Roeland Park, KS?
Working renters make up the core of the Roeland Park, KS tenant base. The pool is reasonable for investors targeting long-term holds.
Which investment style suits Roeland Park, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Roeland Park, KS. With home values at $405K and rents near $2,133/mo, other strategies can work but produce stable rather than outsized returns.
Is Roeland Park, KS good for landlords?
Roeland Park, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Roeland Park, KS?
Roeland Park, KS rentals go for roughly $2,133/mo a month. That puts gross yield in solid territory relative to $405K acquisition costs.
You know 66205 now. You don’t know where it ranks.
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How 66205 ranks in Kansas City, MO-KS
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