Real Estate Investing in Everest, Kansas (66424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66424 (Everest, 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 vacancy: 32.4% of homes vacant — above national norms.
- Higher unemployment: 9.3% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Everest, KS (66424)?
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Market Analysis: 66424 Everest
Investors eyeing 66424 need to respect the fundamentals at play. Home values of $186K come alongside slower price movement and elevated management overhead.
The 66424 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KS, ZIP 66424 trails on several market indicators that neighboring Brown County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A solid renter share of 19% in 66424 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Everest's stable or hybrid ZIPs before stepping into 66424. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Everest:
Market Trends
Home Value History (with trend line)
📊 How Does 66424 Compare?
| Metric | 66424 | Everest | Atchison, KS | Kansas |
|---|---|---|---|---|
| Home Value | $185,637 | $185,637 | N/A | $237,409 |
| 5-Year CAGR | 9.4% | 9.4% | N/A | 7.2% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66424 (Everest, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,637 |
| Monthly Rent | $792 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +15.2% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (3.3%). 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 66424
Population: 531
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 66424
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
Frequently Asked Questions
How does Everest, KS rate as a rental market?
Everest, KS rates 3.0/5 for investability. With median values at $186K and rents near $792/mo, the market offers reasonable fundamentals for rental investors.
What is the typical rental rate in Everest, KS?
The typical rental in Everest, KS commands about $792/mo monthly. That rent profile reliable cash flow against the $186K purchase basis.
Does Everest, KS favor landlords or tenants?
Everest, KS operates under KS law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What real estate strategy is ideal for Everest, KS?
For Everest, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How tight is the rental market in Everest, KS?
Everest, KS carries elevated vacancy risk. Expect steady absorption at market rents of $792/mo.
You know 66424 now. You don’t know where it ranks.
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