Real Estate Investing in Altoona, Kansas (66710)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66710 (Altoona, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.4% of homes vacant — above national norms.
• 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 Altoona, KS (66710)?
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Market Analysis: 66710 Altoona
ZIP 66710 in Altoona, KS carries a significant set of headwinds. Home values near $101K and rents of $792/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66710 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within KS, ZIP 66710 trails on several market indicators that neighboring Wilson County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Resident income in 66710 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 66710, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Altoona:
Market Trends
Home Value History (with trend line)
📊 How Does 66710 Compare?
| Metric | 66710 | Altoona | Kansas |
|---|---|---|---|
| Home Value | $101,271 | $101,271 | $237,409 |
| 5-Year CAGR | 2.3% | 2.3% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 6.1% | 6.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66710 (Altoona, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $101,271 |
| Monthly Rent | $792 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 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 (6.1%). 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 66710
Population: 763
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 66710
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
What is the average home sale price in Altoona, KS?
The median home value in Altoona, KS is roughly $101K. That puts it reasonable relative to the KS statewide average.
What kind of tenants rent in Altoona, KS?
The tenant pool in Altoona, KS is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
Is Altoona, KS a good market for buy-and-hold investors?
The 3.0/5 investability rating in Altoona, KS reflects its $101K prices and $792/mo rents. Investors generally consider it a solid option within KS.
How do landlord-tenant laws work in Altoona, KS?
Altoona, KS operates under KS law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How high is vacancy risk in Altoona, KS?
Altoona, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 66710 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66710 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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