Real Estate Investing in Auburn, Kansas (66402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66402 (Auburn, 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 Auburn, KS (66402)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66402 Auburn
This part of Shawnee County is not an easy win. The 66402 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $288K asset, 66402 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 66402 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 3,044 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Auburn's stable or hybrid ZIPs before stepping into 66402. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Auburn:
Property Strategy for 66402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,088 | $1,070 | 3.9% | +6.0% | $97,544 |
| 3BR | $234,603 | $1,410 | 4.3% | +7.2% | $78,201 |
| 4BR | $395,547 | $1,430 | 2.6% | +7.7% | $98,887 |
Market Trends
Home Value History (with trend line)
📊 How Does 66402 Compare?
| Metric | 66402 | Auburn | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $287,843 | $287,843 | N/A | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.2% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 66402 (Auburn, KS). Anonymous, moderated, never written by AI.
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Property managers serving Shawnee County
Manage rentals here? List your business →WCW Property Management specializes in single and multi-family dwellings and HOAs in Northeast Kansas, Wichita, and Kansas City, KS and MO, offering services for tenants, owners, and investors. summary from their website
PURE Property Management of Kansas offers property management services. summary from their website
Rental Management Solutions provides property management services in Northeast Kansas, including rental search, tenant portal, and owner FAQs. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $287,843 |
| Monthly Rent | $963 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.6%). 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 66402
Population: 3,044
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 66402
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 1,242 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Auburn, KS a good investment right now?
Auburn, KS rates 3.0/5 for investability. With median values at $288K and rents near $963/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Auburn, KS?
The renter base in Auburn, KS is reasonable for the $963/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What monthly rent should investors expect in Auburn, KS?
Average rent in Auburn, KS is approximately $963/mo per month. Against $288K home values that yields a reasonable rent-to-price ratio.
Are there empty rentals in Auburn, KS?
Auburn, KS sees elevated vacancy, which is reasonable relative to the broader KS rental market.
What investment strategy works best in Auburn, KS?
Most investors in Auburn, KS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 66402 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66402 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 66402 ranks in Topeka, KS
Every ZIP in this metro, ranked. Free.
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