Real Estate Investing in Leawood, Kansas (66224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66224 (Leawood, 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 45.0 — hard to cash-flow at these prices.
What’s happening in Leawood, KS (66224)?
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Market Analysis: 66224 Leawood
Not every below-median market is a bargain. Leawood's 66224 ZIP comes in at signals that favor experienced operators who can absorb the risk $817K pricing implies.
The 66224 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader KS picture, 66224 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 66224 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Leawood's stable or hybrid ZIPs before stepping into 66224. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Leawood:
Property Strategy for 66224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $403,843 | $1,910 | 3.4% | +6.8% | $201,921 |
| 3BR | $605,628 | $2,490 | 3.0% | +6.0% | $201,876 |
| 4BR | $729,774 | $2,960 | 2.9% | +7.4% | $182,443 |
| 5BR | $959,219 | — | — | +7.3% | $191,844 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66224 Compare?
| Metric | 66224 | Leawood | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $816,738 | $777,436 | N/A | $237,409 |
| 5-Year CAGR | 6.0% | 6.7% | N/A | 7.2% |
| Avg Rent | $1,513 | $1,835 | N/A | - |
| Cap Rate | 1.4% | 1.8% | - | - |
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 66224 (Leawood, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $816,738 |
| Monthly Rent | $1,513 |
| Price-to-Rent | 45.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.4%). 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 66224
Population: 12,184
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 66224
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MARTIN CITY ELEM.
Lakewood Elementary
Lakewood Middle
Leawood Middle
Mission Trail 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
Frequently Asked Questions
What do rentals go for in Leawood, KS?
Rent in Leawood, KS is around $1,513/mo. The resulting rent-to-value relationship with $817K pricing is reasonable for most investor models.
What is the typical vacancy rate in Leawood, KS?
Vacancy risk in Leawood, KS is elevated. That supports reliable cash flow for typical rental holds.
What kind of market is Leawood, KS for investors?
With a 3.0/5 investability score, Leawood, KS ranks as a solid market for rental property investors. Median prices of $817K and rents of $1,513/mo drive the underlying numbers.
Are tenants stable in Leawood, KS?
Tenant demand in Leawood, KS is solid. The local workforce $1,513/mo rents across most rental classes.
What real estate strategy is ideal for Leawood, KS?
A careful cash-flow rentals with hands-on management strategy Leawood, KS best. The market produces measured results for that approach at the $817K price point.
You know 66224 now. You don’t know where it ranks.
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How 66224 ranks in Kansas City, MO-KS
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