Real Estate Investing in Netawaka, Kansas (66516)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66516 (Netawaka, 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.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
• 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 Netawaka, KS (66516)?
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Market Analysis: 66516 Netawaka
ZIP 66516 inside Jackson County looks affordable on the surface — median value of $212K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $212K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66516 is substantial and deserves full respect.
Statewide comparisons place 66516 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 66516 includes headwinds that any investor should price in. Income distribution skews lower than Netawaka averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 66516 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 Netawaka:
Market Trends
Home Value History (with trend line)
📊 How Does 66516 Compare?
| Metric | 66516 | Netawaka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $212,277 | $212,277 | N/A | $237,409 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.2% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66516 (Netawaka, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,277 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.4%). 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 66516
Population: 311
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 kind of market is Netawaka, KS for investors?
Investors tracking Netawaka, KS will find a 3.0/5 rating supported by $212K median home values and $927/mo rents. That profile suits long-term holders targeting stable returns.
What is the median home value in Netawaka, KS?
Typical homes in Netawaka, KS go for around $212K. The 5-year CAGR of 0.0% consistent price movement.
What is the rental occupancy rate in Netawaka, KS?
Netawaka, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does house hacking work in Netawaka, KS?
House hacking works a challenging in Netawaka, KS. Rents of $927/mo against $212K acquisition make the strategy solid for owner-occupants.
What type of investing works in Netawaka, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Netawaka, KS. With home values at $212K and rents near $927/mo, other strategies can work but produce steady rather than outsized returns.
You know 66516 now. You don’t know where it ranks.
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How 66516 ranks in Topeka, KS
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