Real Estate Investing in Silver Lake, Kansas (66539)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66539 (Silver Lake, 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.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Silver Lake, KS (66539)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66539 Silver Lake
The 66539 ZIP in Silver Lake, KS is a local-operator market. Outside capital chasing a $284K entry has to pair deep knowledge with the discount.
For an experienced owner, 66539 can be a an appealing option for hunting ground — but the discount at $284K reflects genuine risk that outside investors often underestimate.
Regionally, 66539 sits on the difficult end of the KS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 18% in 66539 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 66539 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Silver Lake:
Property Strategy for 66539
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,599 | $960 | 3.9% | +7.0% | $88,799 |
| 3BR | $265,276 | $1,260 | 3.4% | +7.6% | $88,425 |
| 4BR | $345,613 | $1,280 | 2.7% | +7.1% | $86,403 |
Market Trends
Home Value History (with trend line)
📊 How Does 66539 Compare?
| Metric | 66539 | Silver Lake | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $284,210 | $284,210 | N/A | $237,409 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.2% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 66539 (Silver Lake, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66539 (Silver Lake, KS)?
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Property managers serving Shawnee County
Manage rentals here? List your business →WCW Property Management specializes in single and multi-family dwellings and HOAs in Northeast Kansas, Wichita, and Kansas City, KS and MO, offering services for tenants, owners, and investors. summary from their website
PURE Property Management of Kansas offers property management services. summary from their website
Rental Management Solutions provides property management services in Northeast Kansas, including rental search, tenant portal, and owner FAQs. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $284,210 |
| Monthly Rent | $864 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.4%). 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 66539
Population: 2,723
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 66539
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 1,242 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Silver Lake, KS?
Investors in Silver Lake, KS typically see rents near $864/mo per month against $284K home values - a solid setup for rental cash flow.
Is the tenant base reliable in Silver Lake, KS?
Tenant demand in Silver Lake, KS is solid. The local workforce $864/mo rents across most rental classes.
Does Silver Lake, KS make sense for an investment property?
The 3.0/5 investability rating in Silver Lake, KS reflects its $284K prices and $864/mo rents. Investors generally consider it a solid option within KS.
Should investors worry about vacancy in Silver Lake, KS?
Vacancy in Silver Lake, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What price range are homes in Silver Lake, KS?
The median home value in Silver Lake, KS is roughly $284K. That puts it reasonable relative to the KS statewide average.
You know 66539 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66539 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 66539 ranks in Topeka, KS
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