Real Estate Investing in Overland Park, Kansas (66214)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66214 (Overland Park, KS)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 25.6 — hard to cash-flow at these prices.
What’s happening in Overland Park, KS (66214)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66214 Overland Park
ZIP 66214 inside Johnson County looks affordable on the surface — median value of $394K — but the discount exists for reasons that a careful buyer should understand before committing.
The 66214 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 66214's metrics run below Johnson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 66214 includes headwinds that any investor should price in. Income distribution skews lower than Overland Park averages, and tenant stability requires active management.
Distressed ZIPs reward experience. resilient returns are possible in 66214, 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 66214
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,813 | $1,230 | 3.1% | +5.2% | $141,407 |
| 3BR | $334,493 | $1,600 | 3.4% | +7.2% | $111,498 |
| 4BR | $410,728 | $1,900 | 3.3% | +7.0% | $102,682 |
| 5BR | $443,819 | — | — | +6.5% | $88,764 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66214 Compare?
| Metric | 66214 | Overland Park | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $393,857 | $440,483 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,281 | $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 66214 (Overland Park, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,857 |
| Monthly Rent | $1,281 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | N/A |
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 66214
Population: 12,261
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 66214
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Tomahawk Elem
Comanche Elem
Indian Valley Elementary
Overland Park Elem
Pawnee Elem
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 scores 3.0/5 for investability. Home values sit at $394K and rents near $1,281/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical rental rate in Overland Park, KS?
Investors in Overland Park, KS typically see rents near $1,281/mo per month against $394K home values - a solid setup for rental cash flow.
What is the typical vacancy rate in Overland Park, KS?
Overland Park, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Overland Park, KS?
A careful cash-flow rentals with hands-on management strategy Overland Park, KS best. The market produces reliable results for that approach at the $394K price point.
Are renters plentiful in Overland Park, KS?
Overland Park, KS draws a even-keeled base of working renters. Demand at the $1,281/mo rent level is reasonable for standard single-family and small multi rentals.
You know 66214 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66214 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 66214 ranks in Kansas City, MO-KS
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