Real Estate Investing in Neodesha, Kansas (66757)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66757 (Neodesha, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.1% 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 Neodesha, KS (66757)?
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Market Analysis: 66757 Neodesha
Not every below-median market is a bargain. Neodesha's 66757 ZIP shows signals that favor experienced operators who can absorb the risk $107K pricing implies.
Rent of $792/mo on a $107K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66757 sits below the stated 0.0% once reality is priced in.
Regionally, 66757 sits on the difficult end of the KS spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 66757 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 66757 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 Neodesha:
Property Strategy for 66757
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $61,531 | $880 | 10.3% | +5.4% | $30,766 |
| 3BR | $123,675 | $1,100 | 6.4% | +8.4% | $41,225 |
| 4BR | $153,772 | $1,420 | 6.6% | +6.9% | $38,443 |
Market Trends
Home Value History (with trend line)
📊 How Does 66757 Compare?
| Metric | 66757 | Neodesha | Coffeyville, KS | Kansas |
|---|---|---|---|---|
| Home Value | $106,838 | $106,838 | N/A | $237,409 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.2% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66757 (Neodesha, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,838 |
| Monthly Rent | $792 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (5.8%). 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 66757
Population: 3,225
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 66757
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.
Frequently Asked Questions
What is the rental occupancy rate in Neodesha, KS?
Occupancy in Neodesha, KS runs measured with elevated vacancy. Well-priced units at $792/mo lease on reasonable timelines.
How much should I expect to pay for a home in Neodesha, KS?
Expect median prices around $107K in Neodesha, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Where do rents currently stand in Neodesha, KS?
The typical rental in Neodesha, KS commands about $792/mo monthly. That rent profile even-keeled cash flow against the $107K purchase basis.
Is KS a landlord-friendly state?
The landlord environment in Neodesha, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What kind of market is Neodesha, KS for investors?
Our data puts Neodesha, KS at 3.0/5 for investability. Home prices of $107K and rents around $792/mo create a solid backdrop for investor activity.
You know 66757 now. You don’t know where it ranks.
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How 66757 ranks in Coffeyville, KS
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