Real Estate Investing in Randolph, Kansas (66554)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66554 (Randolph, 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.
- High vacancy: 14.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.2 — 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 Randolph, KS (66554)?
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Market Analysis: 66554 Randolph
Not every below-median market is a bargain. Randolph's 66554 ZIP reflects signals that favor experienced operators who can absorb the risk $320K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 66554 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 66554 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 66554 ZIP's population of 744 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 66554 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 Randolph:
Market Trends
Home Value History (with trend line)
📊 How Does 66554 Compare?
| Metric | 66554 | Randolph | Manhattan, KS | Kansas |
|---|---|---|---|---|
| Home Value | $319,507 | $319,507 | N/A | $237,409 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 7.2% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66554 (Randolph, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,507 |
| Monthly Rent | $945 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +16.5% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.3%). 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 66554
Population: 744
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 66554
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
How much do tenants pay in Randolph, KS?
Rent in Randolph, KS is around $945/mo. The resulting rent-to-value relationship with $320K pricing is reasonable for most investor models.
What is the typical vacancy rate in Randolph, KS?
Occupancy in Randolph, KS runs steady with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
Are homes affordable in Randolph, KS?
Randolph, KS home values average about $320K. That price point suits investors targeting rentals with $945/mo in monthly income.
What is the best play in Randolph, KS?
Randolph, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($320K prices, $945/mo rents) make it a reasonable choice.
Are tenants stable in Randolph, KS?
Randolph, KS draws a predictable base of working renters. Demand at the $945/mo rent level is reasonable for standard single-family and small multi rentals.
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