Real Estate Investing in Wilsey, Kansas (66873)
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Should you buy in 66873 (Wilsey, 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: 34.0% of homes vacant — above national norms.
• 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 Wilsey, KS (66873)?
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Market Analysis: 66873 Wilsey
Not every below-median market is a bargain. Wilsey's 66873 ZIP sits at signals that favor experienced operators who can absorb the risk $124K pricing implies.
The investment case in 66873 is healthy only for operators who understand what they are buying. A $124K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KS, ZIP 66873 trails on several market indicators that neighboring Morris County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Employment concentration in 66873 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 66873 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 Wilsey:
Market Trends
Home Value History (with trend line)
📊 How Does 66873 Compare?
| Metric | 66873 | Wilsey | Kansas |
|---|---|---|---|
| Home Value | $123,557 | $123,557 | $237,409 |
| 5-Year CAGR | 4.5% | 4.5% | 7.2% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 5.4% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66873 (Wilsey, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $123,557 |
| Monthly Rent | $855 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (5.4%). 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 66873
Population: 260
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 does Wilsey, KS rate as a rental market?
Wilsey, KS scores 3.0/5 for investability. Home values sit at $124K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is KS a landlord-friendly state?
The landlord environment in Wilsey, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong are rents in Wilsey, KS?
Investors in Wilsey, KS typically see rents near $855/mo per month against $124K home values - a solid setup for rental cash flow.
What is the renter demographic in Wilsey, KS?
Tenant quality in Wilsey, KS ranks as solid. Landlords generally report stable occupancy at market rents of $855/mo.
How high is vacancy risk in Wilsey, KS?
Vacancy risk in Wilsey, KS is elevated. That supports even-keeled cash flow for typical rental holds.
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