Real Estate Investing in Chanute, Kansas (66720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66720 (Chanute, 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.
- High vacancy: 12.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chanute, KS (66720)?
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Market Analysis: 66720 Chanute
This part of Neosho County is not an easy win. The 66720 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 66720 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 66720 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 66720 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Chanute's stable or hybrid ZIPs before stepping into 66720. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Chanute:
Property Strategy for 66720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $53,092 | $900 | 12.2% | +4.4% | $26,546 |
| 3BR | $119,211 | $1,150 | 6.9% | +8.3% | $39,737 |
| 4BR | $147,148 | $1,380 | 6.8% | +8.1% | $36,787 |
| 5BR | $206,258 | — | — | +8.6% | $41,252 |
Market Trends
Home Value History (with trend line)
📊 How Does 66720 Compare?
| Metric | 66720 | Chanute | Kansas |
|---|---|---|---|
| Home Value | $98,130 | $98,130 | $237,409 |
| 5-Year CAGR | 5.1% | 5.1% | 7.2% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 6.4% | 6.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66720 (Chanute, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $98,130 |
| Monthly Rent | $810 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66720
Population: 10,913
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 66720
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 kind of market is Chanute, KS for investors?
Investors tracking Chanute, KS will find a 3.0/5 rating supported by $98K median home values and $810/mo rents. That profile suits long-term holders targeting steady returns.
What type of investing works in Chanute, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Chanute, KS. With home values at $98K and rents near $810/mo, other strategies can work but produce stable rather than outsized returns.
What do rentals go for in Chanute, KS?
Rental rates in Chanute, KS average $810/mo. Tenant demand and $98K home values make the yield look reasonable by investor standards.
Can I live-in-and-rent in Chanute, KS?
The house hack math a challenging in Chanute, KS. Owner-occupant buyers benefit from the $810/mo rents and $98K home values.
Do landlords face vacancy issues in Chanute, KS?
Rental vacancy in Chanute, KS is elevated. Investors should budget normal turnover but not chronic empty units.
You know 66720 now. You don’t know where it ranks.
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