Real Estate Investing in Shawnee, Kansas (66218)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66218 (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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shawnee, KS (66218)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66218 Shawnee
The 66218 ZIP covers a section of Shawnee that demands careful diligence. Prices near $490K look accessible, but the work to make a deal cash flow is real.
The 66218 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KS, ZIP 66218 trails on several market indicators that neighboring Johnson County submarkets outperform. The gap is real and notable enough to shape underwriting.
A notable renter share of 15% in 66218 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 66218, 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 Shawnee:
Property Strategy for 66218
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $392,058 | $2,500 | 4.6% | +6.8% | $130,686 |
| 4BR | $476,688 | $2,970 | 4.5% | +6.5% | $119,172 |
| 5BR | $602,000 | — | — | +6.6% | $120,400 |
Market Trends
Home Value History (with trend line)
📊 How Does 66218 Compare?
| Metric | 66218 | Shawnee | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $490,336 | $469,093 | N/A | $237,409 |
| 5-Year CAGR | 5.1% | 5.7% | N/A | 7.2% |
| Avg Rent | $1,728 | $1,860 | N/A | - |
| Cap Rate | 2.8% | 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 66218 (Shawnee, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66218 (Shawnee, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $490,336 |
| Monthly Rent | $1,728 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 66218
Population: 8,796
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 66218
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Belmont Elementary School
Clear Creek Elem
Prairie Ridge Elementary School
Riverview Elementary
Monticello Trails Middle School
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
Does Shawnee, KS make sense for an investment property?
With a 3.0/5 investability score, Shawnee, KS ranks as a solid market for rental property investors. Median prices of $490K and rents of $1,728/mo drive the underlying numbers.
How expensive is real estate in Shawnee, KS?
Median home price in Shawnee, KS is near $490K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How quickly do rentals get leased in Shawnee, KS?
Vacancy risk in Shawnee, KS is elevated. That supports even-keeled cash flow for typical rental holds.
Is Shawnee, KS landlord-friendly?
KS law landlord-friendly for landlords, and Shawnee inherits those rules. Investors should still review local ordinances for rental licensing.
Is Shawnee, KS better for rentals, flips, or BRRRR?
Shawnee, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($490K prices, $1,728/mo rents) make it a reasonable choice.
You know 66218 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66218 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 66218 ranks in Kansas City, MO-KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66218 (Shawnee)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66218 (Shawnee, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.