Real Estate Investing in Lenexa, Kansas (66219)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66219 (Lenexa, 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.
No major risk flags on the data we track.
What’s happening in Lenexa, KS (66219)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66219 Lenexa
Looking more closely, ZIP 66219 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $472K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $472K asset, 66219 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader KS picture, 66219 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 65% in 66219 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. sturdy returns are possible in 66219, 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 Lenexa:
Property Strategy for 66219
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $370,961 | $2,140 | 4.2% | +6.8% | $123,654 |
| 4BR | $455,984 | $2,540 | 4.0% | +7.0% | $113,996 |
| 5BR | $538,687 | — | — | +6.9% | $107,737 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66219 Compare?
| Metric | 66219 | Lenexa | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $472,234 | $531,760 | N/A | $237,409 |
| 5-Year CAGR | 5.9% | 5.8% | N/A | 7.2% |
| Avg Rent | $1,764 | $1,877 | N/A | - |
| Cap Rate | 2.9% | 2.8% | - | - |
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 66219 (Lenexa, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $472,234 |
| Monthly Rent | $1,764 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 66219
Population: 13,410
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 66219
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Rising Star Elem
Rosehill Elem
Manchester Park Elementary
Mill Creek 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
Does Lenexa, KS favor landlords or tenants?
KS ranks as a landlord-friendly state for landlord-tenant law. Lenexa generally follows the statewide framework, so landlords face reasonable operating rules.
What is the rental occupancy rate in Lenexa, KS?
Lenexa, KS carries elevated vacancy risk. Expect measured absorption at market rents of $1,764/mo.
Are homes affordable in Lenexa, KS?
Homes in Lenexa, KS typically sell near $472K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Can I house hack in Lenexa, KS?
The a challenging house-hack environment in Lenexa, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the tenant pool like in Lenexa, KS?
Tenant quality in Lenexa, KS ranks as solid. Landlords generally report measured occupancy at market rents of $1,764/mo.
You know 66219 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66219 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 66219 ranks in Kansas City, MO-KS
Every ZIP in this metro, ranked. Free.
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