Real Estate Investing in Harveyville, Kansas (66431)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66431 (Harveyville, 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: 15.4% of homes vacant — above national norms.
• 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 Harveyville, KS (66431)?
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Market Analysis: 66431 Harveyville
ZIP 66431 inside Wabaunsee County looks affordable on the surface — median value of $222K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,242/mo on a $222K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66431 sits below the stated 0.0% once reality is priced in.
In the broader KS picture, 66431 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 66431 includes headwinds that any investor should price in. Income distribution skews lower than Harveyville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 66431 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Harveyville:
Market Trends
Home Value History (with trend line)
📊 How Does 66431 Compare?
| Metric | 66431 | Harveyville | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $222,461 | $222,461 | N/A | $237,409 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.2% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66431 (Harveyville, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,461 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (4.4%). 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 66431
Population: 717
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
Frequently Asked Questions
What is the typical renter like in Harveyville, KS?
Harveyville, KS offers a predictable renter base at the $1,242/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Harveyville in KS worth investing in?
Investors tracking Harveyville, KS will find a 3.0/5 rating supported by $222K median home values and $1,242/mo rents. That profile suits long-term holders targeting even-keeled returns.
What are home prices like in Harveyville, KS?
Median home price in Harveyville, KS is near $222K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Harveyville, KS?
House hacking in Harveyville, KS is a challenging. With home values around $222K and rents at $1,242/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Harveyville, KS?
Rent in Harveyville, KS is around $1,242/mo. The resulting rent-to-value relationship with $222K pricing is reasonable for most investor models.
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