Real Estate Investing in Farlington, Kansas (66734)
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Should you buy in 66734 (Farlington, KS)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 28.9% poverty rate — can affect rent collection.
- Lower household income: $29,107 median — tenant affordability is tighter.
• 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 Farlington, KS (66734)?
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Market Analysis: 66734 Farlington
Not every below-median market is a bargain. Farlington's 66734 ZIP shows signals that favor experienced operators who can absorb the risk $224K pricing implies.
For an experienced owner, 66734 can be a worth a close look for hunting ground — but the discount at $224K reflects genuine risk that outside investors often underestimate.
Within KS, ZIP 66734 trails on several market indicators that neighboring Crawford County submarkets outperform. The gap is real and notable enough to shape underwriting.
Resident income in 66734 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Farlington's stable or hybrid ZIPs before stepping into 66734. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Farlington:
Market Trends
Home Value History (with trend line)
📊 How Does 66734 Compare?
| Metric | 66734 | Farlington | Pittsburg, KS | Kansas |
|---|---|---|---|---|
| Home Value | $223,895 | $223,895 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.2% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66734 (Farlington, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $223,895 |
| Monthly Rent | $810 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 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 (2.8%). 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 66734
Population: 321
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
Frequently Asked Questions
How should investors approach Farlington, KS?
In Farlington, KS the notable play is typically careful cash-flow rentals with hands-on management. The combination of $224K prices and $810/mo rents suits that approach.
What is the renter demographic in Farlington, KS?
Tenant quality in Farlington, KS ranks as solid. Landlords generally report predictable occupancy at market rents of $810/mo.
Are rents high in Farlington, KS?
Rents in Farlington, KS run near $810/mo. Compared with median home prices of $224K that produces solid gross yields for typical rentals.
Can I house hack in Farlington, KS?
Farlington, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $224K price point reasonable to enter.
How quickly do rentals get leased in Farlington, KS?
Vacancy risk in Farlington, KS is elevated. That supports predictable cash flow for typical rental holds.
You know 66734 now. You don’t know where it ranks.
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How 66734 ranks in Pittsburg, KS
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