Real Estate Investing in Dwight, Kansas (66849)
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Should you buy in 66849 (Dwight, 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: 12.6% 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 Dwight, KS (66849)?
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Market Analysis: 66849 Dwight
Not every below-median market is a bargain. Dwight's 66849 ZIP comes in at signals that favor experienced operators who can absorb the risk $161K pricing implies.
The investment case in 66849 is solid only for operators who understand what they are buying. A $161K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KS, ZIP 66849 trails on several market indicators that neighboring Morris County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 66849 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 66849 is an operator game, not a passive one. From an investor standpoint, entry prices of $161K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Dwight:
Market Trends
Home Value History (with trend line)
📊 How Does 66849 Compare?
| Metric | 66849 | Dwight | Manhattan, KS | Kansas |
|---|---|---|---|---|
| Home Value | $161,216 | $161,216 | N/A | $237,409 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.2% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66849 (Dwight, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $161,216 |
| Monthly Rent | $936 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +12.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.5%). 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 66849
Population: 443
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
What price range are homes in Dwight, KS?
Median home price in Dwight, KS is near $161K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is the tenant base reliable in Dwight, KS?
Tenant demand in Dwight, KS is solid. The local workforce $936/mo rents across most rental classes.
What kind of market is Dwight, KS for investors?
Our data puts Dwight, KS at 3.0/5 for investability. Home prices of $161K and rents around $936/mo create a solid backdrop for investor activity.
How strict are landlord regulations in Dwight, KS?
Rental owners in Dwight, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How viable is house hacking in Dwight, KS?
House hacking in Dwight, KS is a challenging. With home values around $161K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.
You know 66849 now. You don’t know where it ranks.
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How 66849 ranks in Manhattan, KS
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