Real Estate Investing in Fort Scott, Kansas (66701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66701 (Fort Scott, 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: 11.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Scott, KS (66701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66701 Fort Scott
ZIP 66701 inside Bourbon County looks affordable on the surface — median value of $135K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $135K asset, 66701 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 66701's metrics run below Bourbon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 66701 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.
Strategically, 66701 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fort Scott:
Property Strategy for 66701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,347 | $940 | 9.4% | +8.5% | $36,173 |
| 3BR | $149,131 | $1,150 | 5.6% | +8.5% | $49,710 |
| 4BR | $192,243 | $1,370 | 5.1% | +8.7% | $48,061 |
Market Trends
Home Value History (with trend line)
📊 How Does 66701 Compare?
| Metric | 66701 | Fort Scott | Kansas |
|---|---|---|---|
| Home Value | $135,242 | $135,242 | $237,409 |
| 5-Year CAGR | 8.0% | 8.0% | 7.2% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.9% | 4.9% | - |
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 66701 (Fort Scott, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,242 |
| Monthly Rent | $846 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.9%). 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 66701
Population: 11,075
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 66701
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
Frequently Asked Questions
How much do tenants pay in Fort Scott, KS?
Average rent in Fort Scott, KS is approximately $846/mo per month. Against $135K home values that yields a reasonable rent-to-price ratio.
How should investors approach Fort Scott, KS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fort Scott, KS. The numbers - $135K homes against $846/mo rents - support that play.
What kind of market is Fort Scott, KS for investors?
With a 3.0/5 investability score, Fort Scott, KS ranks as a solid market for rental property investors. Median prices of $135K and rents of $846/mo drive the underlying numbers.
Are there empty rentals in Fort Scott, KS?
Expect elevated vacancy in Fort Scott, KS. Rents at $846/mo are absorbed by the tenant base without meaningful lag.
Is house hacking profitable in Fort Scott, KS?
The house hack math a challenging in Fort Scott, KS. Owner-occupant buyers benefit from the $846/mo rents and $135K home values.
You know 66701 now. You don’t know where it ranks.
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