Real Estate Investing in Overland Park, Kansas (66213)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66213 (Overland Park, 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 26.0 — hard to cash-flow at these prices.
What’s happening in Overland Park, KS (66213)?
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Market Analysis: 66213 Overland Park
Looking more closely, ZIP 66213 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $568K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $568K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66213 is substantial and deserves full respect.
Within KS, ZIP 66213 trails on several market indicators that neighboring Johnson County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 66213 ZIP's population of 30,024 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 66213, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Overland Park:
Property Strategy for 66213
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $337,966 | $1,940 | 4.1% | +6.6% | $168,983 |
| 3BR | $455,545 | $2,530 | 4.0% | +6.5% | $151,848 |
| 4BR | $540,035 | $3,000 | 4.0% | +7.0% | $135,009 |
| 5BR | $634,190 | — | — | +7.1% | $126,838 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66213 Compare?
| Metric | 66213 | Overland Park | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $567,944 | $440,483 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,824 | $1,786 | N/A | - |
| Cap Rate | 2.5% | 3.0% | - | - |
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 66213 (Overland Park, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $567,944 |
| Monthly Rent | $1,824 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 66213
Population: 30,024
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 66213
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Indian Valley 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 5,786 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Overland Park, KS a good investment right now?
Overland Park, KS rates 3.0/5 for investability. With median values at $568K and rents near $1,824/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Overland Park, KS?
Tenant demand in Overland Park, KS is solid. The local workforce $1,824/mo rents across most rental classes.
What do landlords charge for rent in Overland Park, KS?
Expect rents around $1,824/mo per month in Overland Park, KS. With home values at $568K, the yield math works out to reasonable levels for rental investors.
Can I house hack in Overland Park, KS?
Overland Park, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,824/mo rent level.
What are vacancy rates like in Overland Park, KS?
Vacancy in Overland Park, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,824/mo.
You know 66213 now. You don’t know where it ranks.
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How 66213 ranks in Kansas City, MO-KS
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