Real Estate Investing in Shawnee, Kansas (66226)
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Should you buy in 66226 (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 (66226)?
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Market Analysis: 66226 Shawnee
The 66226 ZIP in Shawnee, KS is a local-operator market. Outside capital chasing a $499K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66226 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Shawnee have seen price recovery that 66226 has not matched. Johnson County data supports the view that the spread is structural rather than temporary.
The demographic picture in 66226 includes headwinds that any investor should price in. Income distribution skews lower than Shawnee averages, and tenant stability requires active management.
Strategy in 66226 is an operator game, not a passive one. From a cash-flow lens, entry prices of $499K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Shawnee:
Property Strategy for 66226
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $382,836 | $1,890 | 3.6% | +6.9% | $127,612 |
| 4BR | $486,716 | $2,250 | 3.3% | +6.5% | $121,679 |
| 5BR | $643,813 | — | — | +6.0% | $128,763 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66226 Compare?
| Metric | 66226 | Shawnee | Kansas City, MO-KS | Kansas |
|---|---|---|---|---|
| Home Value | $499,424 | $469,093 | N/A | $237,409 |
| 5-Year CAGR | 5.2% | 5.7% | N/A | 7.2% |
| Avg Rent | $2,545 | $1,860 | N/A | - |
| Cap Rate | 4.0% | 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 66226 (Shawnee, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $499,424 |
| Monthly Rent | $2,545 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (4.0%). 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 66226
Population: 16,189
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 66226
Schools in This ZIP Code
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
Are tenants stable in Shawnee, KS?
The renter base in Shawnee, KS is reasonable for the $2,545/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is Shawnee, KS a good place for real estate investing?
Shawnee, KS rates 3.0/5 for investability. With median values at $499K and rents near $2,545/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Shawnee, KS?
Shawnee, KS home values average about $499K. That price point suits investors targeting rentals with $2,545/mo in monthly income.
Where do rents currently stand in Shawnee, KS?
Rents in Shawnee, KS run near $2,545/mo. Compared with median home prices of $499K that produces solid gross yields for typical rentals.
Does Shawnee, KS favor landlords or tenants?
KS ranks as a landlord-friendly state for landlord-tenant law. Shawnee generally follows the statewide framework, so landlords face reasonable operating rules.
You know 66226 now. You don’t know where it ranks.
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How 66226 ranks in Kansas City, MO-KS
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