Real Estate Investing in Shawnee, Kansas (66216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66216 (Shawnee, 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 Shawnee, KS (66216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66216 Shawnee
ZIP 66216 in Shawnee, KS carries a resilient set of headwinds. Home values near $424K and rents of $1,801/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66216 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 66216'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 66216 ZIP's population of 24,955 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 66216 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 Shawnee:
Property Strategy for 66216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $252,745 | $1,430 | 4.1% | +7.7% | $126,372 |
| 3BR | $336,384 | $1,860 | 4.0% | +7.3% | $112,128 |
| 4BR | $453,148 | $2,210 | 3.5% | +6.6% | $113,287 |
| 5BR | $551,721 | — | — | +6.9% | $110,344 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66216 Compare?
| Metric | 66216 | Shawnee | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $423,764 | $469,093 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 5.7% | N/A | 7.2% |
| Avg Rent | $1,801 | $1,860 | N/A | - |
| Cap Rate | 3.3% | 3.2% | - | - |
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 66216 (Shawnee, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $423,764 |
| Monthly Rent | $1,801 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 66216
Population: 24,955
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 66216
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Bluejacket-Flint
Merriam Park Elementary
Nieman Elem
Hocker Grove Middle
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 8,067 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Shawnee, KS?
Occupancy in Shawnee, KS runs steady with elevated vacancy. Well-priced units at $1,801/mo lease on reasonable timelines.
How strong is Shawnee, KS for real estate investors?
Shawnee, KS scores 3.0/5 for investability. Home values sit at $424K and rents near $1,801/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How deep is the rental pool in Shawnee, KS?
The tenant pool in Shawnee, KS is solid, supported by local employment and population fundamentals. Rents of $1,801/mo are well-absorbed by the market.
What approach is best for Shawnee, KS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Shawnee, KS. The numbers - $424K homes against $1,801/mo rents - support that play.
How much does a house cost in Shawnee, KS?
In Shawnee, KS the median home value sits at $424K. Against the broader KS market, that reads as reasonable for most investors.
You know 66216 now. You don’t know where it ranks.
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How 66216 ranks in Kansas City, MO-KS
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