Real Estate Investing in Iola, Kansas (66749)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66749 (Iola, 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: 18.1% 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 Iola, KS (66749)?
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Market Analysis: 66749 Iola
ZIP 66749 in Iola, KS carries a healthy set of headwinds. Home values near $112K and rents of $819/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $112K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66749 is substantial and deserves full respect.
Statewide comparisons place 66749 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 66749 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 66749 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Iola:
Property Strategy for 66749
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $65,600 | $910 | 10.0% | +11.8% | $32,800 |
| 3BR | $131,385 | $1,260 | 6.9% | +10.1% | $43,795 |
| 4BR | $161,573 | $1,320 | 5.9% | +9.4% | $40,393 |
Market Trends
Home Value History (with trend line)
📊 How Does 66749 Compare?
| Metric | 66749 | Iola | Kansas |
|---|---|---|---|
| Home Value | $111,925 | $111,925 | $237,409 |
| 5-Year CAGR | 6.8% | 6.8% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 5.7% | 5.7% | - |
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 66749 (Iola, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $111,925 |
| Monthly Rent | $819 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (5.7%). 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 66749
Population: 7,452
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 66749
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 are vacancy rates like in Iola, KS?
Iola, KS carries elevated vacancy risk. Expect even-keeled absorption at market rents of $819/mo.
Is Iola, KS better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Iola, KS. The numbers - $112K homes against $819/mo rents - support that play.
How do home values compare in Iola, KS?
Median home price in Iola, KS is near $112K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What is it like being a landlord in Iola, KS?
The landlord environment in Iola, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are tenants stable in Iola, KS?
The tenant pool in Iola, KS is solid, supported by local employment and population fundamentals. Rents of $819/mo are well-absorbed by the market.
You know 66749 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66749 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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Community Ratings
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