Real Estate Investing in Hiawatha, Kansas (66434)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66434 (Hiawatha, 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.
- High vacancy: 21.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hiawatha, KS (66434)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66434 Hiawatha
This part of Brown County is not an easy win. The 66434 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66434 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 66434 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 66434 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Hiawatha's stable or hybrid ZIPs before stepping into 66434. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hiawatha:
Property Strategy for 66434
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,851 | $890 | 5.4% | +12.0% | $59,426 |
| 3BR | $174,689 | $1,160 | 4.8% | +10.2% | $58,230 |
| 4BR | $215,790 | $1,180 | 3.9% | +9.9% | $53,948 |
Market Trends
Home Value History (with trend line)
📊 How Does 66434 Compare?
| Metric | 66434 | Hiawatha | Kansas |
|---|---|---|---|
| Home Value | $173,883 | $173,883 | $237,409 |
| 5-Year CAGR | 9.2% | 9.2% | 7.2% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 66434 (Hiawatha, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,883 |
| Monthly Rent | $801 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 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 (3.6%). 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 66434
Population: 4,738
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 66434
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
Where do rents currently stand in Hiawatha, KS?
Investors in Hiawatha, KS typically see rents near $801/mo per month against $174K home values - a solid setup for rental cash flow.
What is the typical renter like in Hiawatha, KS?
Hiawatha, KS offers a consistent renter base at the $801/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Hiawatha, KS a friendly market for rental owners?
Hiawatha, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Hiawatha, KS a good market for buy-and-hold investors?
Our data puts Hiawatha, KS at 3.0/5 for investability. Home prices of $174K and rents around $801/mo create a solid backdrop for investor activity.
What is the average home sale price in Hiawatha, KS?
Expect median prices around $174K in Hiawatha, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 66434 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66434 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.
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