Real Estate Investing in Franklin, Kansas (66735)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66735 (Franklin, KS)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 27.0% poverty rate — can affect rent collection.
• 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 Franklin, KS (66735)?
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Market Analysis: 66735 Franklin
Not every below-median market is a bargain. Franklin's 66735 ZIP stands at signals that favor experienced operators who can absorb the risk $147K pricing implies.
Stepping back, the numbers look inviting — $147K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66735 is substantial and deserves full respect.
Nearby ZIPs in Franklin have seen price recovery that 66735 has not matched. Crawford County data supports the view that the spread is structural rather than temporary.
The 66735 ZIP's population of 800 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 66735 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 Franklin:
Market Trends
Home Value History (with trend line)
📊 How Does 66735 Compare?
| Metric | 66735 | Franklin | Pittsburg, KS | Kansas |
|---|---|---|---|---|
| Home Value | $146,689 | $146,689 | N/A | $237,409 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.2% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66735 (Franklin, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,689 |
| Monthly Rent | $909 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (4.8%). 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 66735
Population: 800
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 66735
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Northeast Elem
North East High
Northeast Virtual School
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 typical vacancy rate in Franklin, KS?
Occupancy in Franklin, KS runs stable with elevated vacancy. Well-priced units at $909/mo lease on reasonable timelines.
Does Franklin, KS make sense for an investment property?
With a 3.0/5 investability score, Franklin, KS ranks as a solid market for rental property investors. Median prices of $147K and rents of $909/mo drive the underlying numbers.
Is the tenant base reliable in Franklin, KS?
Tenant demand in Franklin, KS is solid. The local workforce $909/mo rents across most rental classes.
How landlord-friendly is Franklin, KS?
Landlord-friendliness in Franklin, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much does a house cost in Franklin, KS?
In Franklin, KS the median home value sits at $147K. Against the broader KS market, that reads as reasonable for most investors.
You know 66735 now. You don’t know where it ranks.
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How 66735 ranks in Pittsburg, KS
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