Real Estate Investing in Onaga, Kansas (66521)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66521 (Onaga, 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: 15.9% 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 Onaga, KS (66521)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66521 Onaga
Not every below-median market is a bargain. Onaga's 66521 ZIP clocks in at signals that favor experienced operators who can absorb the risk $217K pricing implies.
Put differently, the numbers look inviting — $217K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66521 is substantial and deserves full respect.
Statewide comparisons place 66521 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 66521 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 66521 is an operator game, not a passive one. Turning to rents, entry prices of $217K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Onaga:
Market Trends
Home Value History (with trend line)
📊 How Does 66521 Compare?
| Metric | 66521 | Onaga | Kansas |
|---|---|---|---|
| Home Value | $216,628 | $216,628 | $237,409 |
| 5-Year CAGR | 6.6% | 6.6% | 7.2% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 66521 (Onaga, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,628 |
| Monthly Rent | $810 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.9%). 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 66521
Population: 1,444
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 66521
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.
Frequently Asked Questions
Where do rents currently stand in Onaga, KS?
Investors in Onaga, KS typically see rents near $810/mo per month against $217K home values - a solid setup for rental cash flow.
Are eviction rules reasonable in Onaga, KS?
For rental operators, Onaga, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of vacancy should I budget for in Onaga, KS?
Occupancy in Onaga, KS runs reliable with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
Does house hacking work in Onaga, KS?
House hacking in Onaga, KS is reasonable to execute. Prices around $217K and rents of $810/mo solid owner-occupant economics.
Is Onaga in KS worth investing in?
Our data puts Onaga, KS at 3.0/5 for investability. Home prices of $217K and rents around $810/mo create a solid backdrop for investor activity.
You know 66521 now. You don’t know where it ranks.
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