Real Estate Investing in Marion, Kansas (66861)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66861 (Marion, 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: 26.4% 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 Marion, KS (66861)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66861 Marion
ZIP 66861 inside Marion County looks affordable on the surface — median value of $151K — but the discount exists for reasons that a careful buyer should understand before committing.
In practical terms, the numbers look inviting — $151K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66861 is substantial and deserves full respect.
Within KS, ZIP 66861 trails on several market indicators that neighboring Marion County submarkets outperform. The gap is real and solid enough to shape underwriting.
Put differently, 2,929 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 66861 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Marion:
Property Strategy for 66861
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $108,513 | $880 | 5.8% | +8.1% | $54,256 |
| 3BR | $157,441 | $1,160 | 5.3% | +8.1% | $52,480 |
| 4BR | $218,083 | $1,160 | 3.8% | +8.2% | $54,521 |
Market Trends
Home Value History (with trend line)
📊 How Does 66861 Compare?
| Metric | 66861 | Marion | Kansas |
|---|---|---|---|
| Home Value | $151,077 | $151,077 | $237,409 |
| 5-Year CAGR | 7.0% | 7.0% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 66861 (Marion, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,077 |
| Monthly Rent | $792 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (4.1%). 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 66861
Population: 2,929
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 66861
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 is the average monthly rent in Marion, KS?
Expect rents around $792/mo per month in Marion, KS. With home values at $151K, the yield math works out to reasonable levels for rental investors.
Which investment style suits Marion, KS?
A careful cash-flow rentals with hands-on management strategy Marion, KS best. The market produces stable results for that approach at the $151K price point.
Do rentals sit vacant long in Marion, KS?
Expect elevated vacancy in Marion, KS. Rents at $792/mo are absorbed by the tenant base without meaningful lag.
What does house hacking look like in Marion, KS?
The a challenging house-hack environment in Marion, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Marion, KS rate as a rental market?
Marion, KS scores 3.0/5 for investability. Home values sit at $151K and rents near $792/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 66861 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66861 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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