Real Estate Investing in Scranton, Kansas (66537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66537 (Scranton, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Scranton, KS (66537)?
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Market Analysis: 66537 Scranton
Investors eyeing 66537 need to respect the fundamentals at play. Home values of $225K come alongside slower price movement and elevated management overhead.
Rent of $963/mo on a $225K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66537 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Scranton have seen price recovery that 66537 has not matched. Osage County data supports the view that the spread is structural rather than temporary.
Put differently, 1,309 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 66537 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Scranton:
Property Strategy for 66537
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,166 | $1,070 | 5.0% | +7.5% | $77,083 |
| 3BR | $235,947 | $1,410 | 4.3% | +8.7% | $78,649 |
Market Trends
Home Value History (with trend line)
📊 How Does 66537 Compare?
| Metric | 66537 | Scranton | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $225,370 | $225,370 | N/A | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.2% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 66537 (Scranton, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,370 |
| Monthly Rent | $963 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.3%). 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 66537
Population: 1,309
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 is the typical renter like in Scranton, KS?
Tenant quality in Scranton, KS ranks as solid. Landlords generally report consistent occupancy at market rents of $963/mo.
Is real estate in Scranton, KS a good investment right now?
Scranton, KS scores 3.0/5 for investability. Home values sit at $225K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking make sense in Scranton, KS?
House hacking works a challenging in Scranton, KS. Rents of $963/mo against $225K acquisition make the strategy solid for owner-occupants.
How strong are rents in Scranton, KS?
Investors in Scranton, KS typically see rents near $963/mo per month against $225K home values - a solid setup for rental cash flow.
What is the average home sale price in Scranton, KS?
Typical homes in Scranton, KS go for around $225K. The 5-year CAGR of 0.0% stable price movement.
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How 66537 ranks in Topeka, KS
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