Real Estate Investing in Overbrook, Kansas (66524)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66524 (Overbrook, 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: 14.6% 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 Overbrook, KS (66524)?
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Market Analysis: 66524 Overbrook
ZIP 66524 in Overbrook, KS carries a durable set of headwinds. Home values near $276K and rents of $927/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 66524 can be a a solid fit for hunting ground — but the discount at $276K reflects genuine risk that outside investors often underestimate.
In the broader KS picture, 66524 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 66524 includes headwinds that any investor should price in. Income distribution skews lower than Overbrook averages, and tenant stability requires active management.
Strategically, 66524 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Overbrook:
Property Strategy for 66524
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $225,466 | $1,030 | 3.3% | +8.0% | $112,733 |
| 3BR | $287,747 | $1,440 | 3.6% | +9.0% | $95,916 |
| 4BR | $322,572 | $1,720 | 3.8% | +8.8% | $80,643 |
Market Trends
Home Value History (with trend line)
📊 How Does 66524 Compare?
| Metric | 66524 | Overbrook | Lawrence, KS | Kansas |
|---|---|---|---|---|
| Home Value | $275,538 | $275,538 | N/A | $237,409 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.2% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 66524 (Overbrook, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $275,538 |
| Monthly Rent | $927 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.6%). 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 66524
Population: 2,371
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 66524
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
What kind of market is Overbrook, KS for investors?
Investors tracking Overbrook, KS will find a 3.0/5 rating supported by $276K median home values and $927/mo rents. That profile suits long-term holders targeting reliable returns.
Which investment style suits Overbrook, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Overbrook, KS. With home values at $276K and rents near $927/mo, other strategies can work but produce measured rather than outsized returns.
Is rental property easy to operate in Overbrook, KS?
Landlord-friendliness in Overbrook, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can I live-in-and-rent in Overbrook, KS?
House hacking in Overbrook, KS is a challenging. With home values around $276K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Overbrook, KS?
Rent in Overbrook, KS is around $927/mo. The resulting rent-to-value relationship with $276K pricing is reasonable for most investor models.
You know 66524 now. You don’t know where it ranks.
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How 66524 ranks in Lawrence, KS
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