Real Estate Investing in Olsburg, Kansas (66520)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66520 (Olsburg, 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.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.8 — hard to cash-flow at these prices.
• 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 Olsburg, KS (66520)?
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Market Analysis: 66520 Olsburg
Investors eyeing 66520 need to respect the fundamentals at play. Home values of $309K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 66520 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 66520 and stronger Olsburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 66520 ZIP's population of 681 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Olsburg's stable or hybrid ZIPs before stepping into 66520. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Olsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 66520 Compare?
| Metric | 66520 | Olsburg | Manhattan, KS | Kansas |
|---|---|---|---|---|
| Home Value | $308,919 | $308,919 | N/A | $237,409 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.2% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 66520 (Olsburg, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $308,919 |
| Monthly Rent | $810 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.1%). 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 66520
Population: 681
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 66520
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
How do home values compare in Olsburg, KS?
Homes in Olsburg, KS typically sell near $309K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Where do rents currently stand in Olsburg, KS?
The typical rental in Olsburg, KS commands about $810/mo monthly. That rent profile reliable cash flow against the $309K purchase basis.
What is the typical renter like in Olsburg, KS?
Olsburg, KS offers a even-keeled renter base at the $810/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do rentals sit vacant long in Olsburg, KS?
Expect elevated vacancy in Olsburg, KS. Rents at $810/mo are absorbed by the tenant base without meaningful lag.
How do landlord-tenant laws work in Olsburg, KS?
KS law landlord-friendly for landlords, and Olsburg inherits those rules. Investors should still review local ordinances for rental licensing.
You know 66520 now. You don’t know where it ranks.
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