Real Estate Investing in Carbondale, Kansas (66414)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66414 (Carbondale, 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.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carbondale, KS (66414)?
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Market Analysis: 66414 Carbondale
The 66414 ZIP covers a section of Carbondale that demands careful diligence. Prices near $207K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 66414 can be a a solid fit for hunting ground — but the discount at $207K reflects genuine risk that outside investors often underestimate.
In the broader KS picture, 66414 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 66414 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. notable returns are possible in 66414, 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 Carbondale:
Property Strategy for 66414
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,989 | $890 | 4.1% | +7.6% | $77,495 |
| 3BR | $206,612 | $1,160 | 4.0% | +8.2% | $68,871 |
| 4BR | $253,576 | $1,220 | 3.5% | +7.9% | $63,394 |
Market Trends
Home Value History (with trend line)
📊 How Does 66414 Compare?
| Metric | 66414 | Carbondale | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $207,295 | $207,295 | N/A | $237,409 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.2% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 66414 (Carbondale, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,295 |
| Monthly Rent | $801 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.0%). 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 66414
Population: 2,349
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 66414
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 872 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Carbondale, KS real estate?
The best-fit strategy in Carbondale, KS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Carbondale, KS good for landlords?
Carbondale, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the rental occupancy rate in Carbondale, KS?
Carbondale, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Carbondale, KS suited for a house hack?
The a challenging house-hack environment in Carbondale, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Does Carbondale, KS make sense for an investment property?
The 3.0/5 investability rating in Carbondale, KS reflects its $207K prices and $801/mo rents. Investors generally consider it a solid option within KS.
You know 66414 now. You don’t know where it ranks.
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How 66414 ranks in Topeka, KS
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