Real Estate Investing in Milford, Kansas (66514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66514 (Milford, 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: 19.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Milford, KS (66514)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66514 Milford
The 66514 ZIP in Milford, KS is a local-operator market. Outside capital chasing a $322K entry has to pair deep knowledge with the discount.
The 66514 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader KS picture, 66514 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A substantial renter share of 12% in 66514 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 66514 is an operator game, not a passive one. In practical terms, entry prices of $322K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Milford:
Property Strategy for 66514
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $300,862 | $1,420 | 3.4% | +5.7% | $100,287 |
| 4BR | $354,421 | $1,710 | 3.5% | +5.5% | $88,605 |
Market Trends
Home Value History (with trend line)
📊 How Does 66514 Compare?
| Metric | 66514 | Milford | Manhattan, KS | Kansas |
|---|---|---|---|---|
| Home Value | $321,701 | $321,701 | N/A | $237,409 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.2% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 66514 (Milford, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66514 (Milford, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $321,701 |
| Monthly Rent | $918 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.2%). 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 66514
Population: 1,658
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 66514
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 806 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Milford, KS?
Expect elevated vacancy in Milford, KS. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
How should investors approach Milford, KS?
Most investors in Milford, KS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is real estate in Milford, KS a good investment right now?
Milford, KS rates 3.0/5 for investability. With median values at $322K and rents near $918/mo, the market offers reasonable fundamentals for rental investors.
How qualified is the tenant pool in Milford, KS?
Expect a solid tenant pool in Milford, KS. The rental market absorbs $918/mo rents without meaningful friction.
What is the average monthly rent in Milford, KS?
Rent in Milford, KS is around $918/mo. The resulting rent-to-value relationship with $322K pricing is reasonable for most investor models.
You know 66514 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66514 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 66514 ranks in Manhattan, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66514 (Milford)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66514 (Milford, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.