Real Estate Investing in Grantville, Kansas (66429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66429 (Grantville, 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.
• 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 Grantville, KS (66429)?
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Market Analysis: 66429 Grantville
The 66429 ZIP in Grantville, KS is a local-operator market. Outside capital chasing a $269K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66429 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 66429 offers a low basis, the region around Grantville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 11% in 66429 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 66429 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Grantville:
Market Trends
Home Value History (with trend line)
📊 How Does 66429 Compare?
| Metric | 66429 | Grantville | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $268,742 | $268,742 | N/A | $237,409 |
| 5-Year CAGR | 8.7% | 8.7% | N/A | 7.2% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66429 (Grantville, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,742 |
| Monthly Rent | $954 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +16.0% ▲ |
| 3-Year CAGR | +9.3% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 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 (2.8%). 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 66429
Population: 381
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
🎓 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
What is the average home sale price in Grantville, KS?
Expect median prices around $269K in Grantville, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How strong is tenant demand in Grantville, KS?
Working renters make up the core of the Grantville, KS tenant base. The pool is reasonable for investors targeting long-term holds.
Is Grantville, KS a friendly market for rental owners?
Grantville, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Grantville, KS?
House hacking in Grantville, KS is reasonable to execute. Prices around $269K and rents of $954/mo solid owner-occupant economics.
Does Grantville, KS make sense for an investment property?
With a 3.0/5 investability score, Grantville, KS ranks as a solid market for rental property investors. Median prices of $269K and rents of $954/mo drive the underlying numbers.
You know 66429 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66429 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 66429 ranks in Topeka, KS
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