Real Estate Investing in Galena, Kansas (66739)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66739 (Galena, 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: 18.8% 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 Galena, KS (66739)?
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Market Analysis: 66739 Galena
This part of Cherokee County is not an easy win. The 66739 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 66739 is significant only for operators who understand what they are buying. A $127K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 66739 and stronger Galena ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A resilient renter share of 32% in 66739 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 66739 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Galena:
Property Strategy for 66739
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,602 | $880 | 8.7% | +5.7% | $36,301 |
| 3BR | $156,323 | $1,160 | 5.3% | +8.2% | $52,108 |
| 4BR | $199,810 | $1,160 | 4.2% | +7.9% | $49,953 |
Market Trends
Home Value History (with trend line)
📊 How Does 66739 Compare?
| Metric | 66739 | Galena | Kansas |
|---|---|---|---|
| Home Value | $127,441 | $127,441 | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | 7.2% |
| Avg Rent | $792 | $792 | - |
| 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 66739 (Galena, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,441 |
| Monthly Rent | $792 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 66739
Population: 5,240
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 66739
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
Investor Insight: With 809 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Galena, KS?
Galena, KS median home values land near $127K. That is reasonable territory for investors looking at $792/mo-per-month rentals.
What is the typical rental rate in Galena, KS?
Rents in Galena, KS run near $792/mo. Compared with median home prices of $127K that produces solid gross yields for typical rentals.
Are eviction rules reasonable in Galena, KS?
Landlord-friendliness in Galena, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is real estate in Galena, KS a good investment right now?
Yes - Galena, KS a 3.0/5 investability score. With $127K home prices against $792/mo monthly rent, the market delivers a reasonable entry point for new investors.
What real estate strategy is ideal for Galena, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Galena, KS. With home values at $127K and rents near $792/mo, other strategies can work but produce steady rather than outsized returns.
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