Real Estate Investing in Soldier, Kansas (66540)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66540 (Soldier, KS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.2 — 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 Soldier, KS (66540)?
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Market Analysis: 66540 Soldier
The 66540 ZIP in Soldier, KS is a local-operator market. Outside capital chasing a $287K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $287K asset, 66540 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within KS, ZIP 66540 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 66540 includes headwinds that any investor should price in. Income distribution skews lower than Soldier averages, and tenant stability requires active management.
The 66540 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 Soldier:
Market Trends
Home Value History (with trend line)
📊 How Does 66540 Compare?
| Metric | 66540 | Soldier | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $287,214 | $287,214 | N/A | $237,409 |
| 5-Year CAGR | 9.5% | 9.5% | N/A | 7.2% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66540 (Soldier, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,214 |
| Monthly Rent | $819 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +12.2% ▲ |
🏠 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 (2.2%). 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 66540
Population: 668
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
How quickly do rentals get leased in Soldier, KS?
Vacancy risk in Soldier, KS is elevated. That supports consistent cash flow for typical rental holds.
What are rental rates like in Soldier, KS?
Average rent in Soldier, KS is approximately $819/mo per month. Against $287K home values that yields a reasonable rent-to-price ratio.
How viable is house hacking in Soldier, KS?
The house hack math a challenging in Soldier, KS. Owner-occupant buyers benefit from the $819/mo rents and $287K home values.
What are home prices like in Soldier, KS?
The median home value in Soldier, KS is roughly $287K. That puts it reasonable relative to the KS statewide average.
What kind of market is Soldier, KS for investors?
Investors tracking Soldier, KS will find a 3.0/5 rating supported by $287K median home values and $819/mo rents. That profile suits long-term holders targeting reliable returns.
You know 66540 now. You don’t know where it ranks.
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