Real Estate Investing in Westmoreland, Kansas (66549)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66549 (Westmoreland, 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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.4 — 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 Westmoreland, KS (66549)?
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Market Analysis: 66549 Westmoreland
ZIP 66549 in Westmoreland, KS carries a durable set of headwinds. Home values near $305K and rents of $864/mo sit inside a market where underwriting has to be tight.
The investment case in 66549 is significant only for operators who understand what they are buying. A $305K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On balance, 66549 offers a low basis, the region around Westmoreland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 66549 includes headwinds that any investor should price in. Income distribution skews lower than Westmoreland averages, and tenant stability requires active management.
The right play in 66549 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 Westmoreland:
Market Trends
Home Value History (with trend line)
📊 How Does 66549 Compare?
| Metric | 66549 | Westmoreland | Manhattan, KS | Kansas |
|---|---|---|---|---|
| Home Value | $305,058 | $305,058 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.2% |
| Avg Rent | $864 | $864 | 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 66549 (Westmoreland, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,058 |
| Monthly Rent | $864 |
| Price-to-Rent | 29.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 66549
Population: 1,311
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 66549
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 is the investability score for Westmoreland, KS?
The 3.0/5 investability rating in Westmoreland, KS reflects its $305K prices and $864/mo rents. Investors generally consider it a solid option within KS.
Which real estate strategy fits Westmoreland, KS?
For Westmoreland, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical rental rate in Westmoreland, KS?
Expect rents around $864/mo per month in Westmoreland, KS. With home values at $305K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Westmoreland, KS?
The renter base in Westmoreland, KS is reasonable for the $864/mo price point. Screening well and pricing to market typically yields measured tenants.
Do landlords face vacancy issues in Westmoreland, KS?
Westmoreland, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 66549 now. You don’t know where it ranks.
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