Real Estate Investing in Vassar, Kansas (66543)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66543 (Vassar, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
• 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 Vassar, KS (66543)?
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Market Analysis: 66543 Vassar
The 66543 ZIP in Vassar, KS is a local-operator market. Outside capital chasing a $232K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66543 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 66543 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 66543 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 66543 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 Vassar:
Property Strategy for 66543
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,328 | $1,220 | 5.1% | +8.4% | $86,164 |
| 3BR | $250,832 | $1,610 | 4.6% | +8.9% | $83,611 |
Market Trends
Home Value History (with trend line)
📊 How Does 66543 Compare?
| Metric | 66543 | Vassar | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $232,343 | $232,343 | N/A | $237,409 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.2% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66543 (Vassar, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,343 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.7%). 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 66543
Population: 995
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 strict are landlord regulations in Vassar, KS?
Vassar, KS operates under KS law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How strong is tenant demand in Vassar, KS?
Vassar, KS draws a stable base of working renters. Demand at the $1,098/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in Vassar, KS?
Vacancy risk in Vassar, KS is elevated. That supports measured cash flow for typical rental holds.
Can owner-occupants cash flow in Vassar, KS?
Vassar, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $232K price point reasonable to enter.
What is the average home sale price in Vassar, KS?
Expect median prices around $232K in Vassar, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
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How 66543 ranks in Topeka, KS
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