Real Estate Investing in Concordia, Kansas (66901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66901 (Concordia, KS)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 17.8% of homes vacant — above national norms.
What’s happening in Concordia, KS (66901)?
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Market Analysis: 66901 Concordia
This part of Cloud County is not an easy win. The 66901 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 66901 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Meanwhile, 66901 offers a low basis, the region around Concordia has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 66901 includes headwinds that any investor should price in. Income distribution skews lower than Concordia averages, and tenant stability requires active management.
The right play in 66901 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Concordia:
Property Strategy for 66901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $85,590 | $910 | 7.7% | +10.4% | $42,795 |
| 3BR | $143,089 | $1,100 | 5.5% | +9.7% | $47,696 |
| 4BR | $183,220 | $1,320 | 5.2% | +8.8% | $45,805 |
| 5BR | $210,168 | — | — | +8.7% | $42,034 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66901 Compare?
| Metric | 66901 | Concordia | Kansas |
|---|---|---|---|
| Home Value | $130,365 | $113,477 | $237,409 |
| 5-Year CAGR | 8.5% | 4.9% | 7.2% |
| Avg Rent | $863 | $841 | - |
| Cap Rate | 5.2% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66901 (Concordia, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,365 |
| Monthly Rent | $863 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.2% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (5.2%). 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 66901
Population: 6,134
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 66901
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 home sale price in Concordia, KS?
The median home value in Concordia, KS is roughly $130K. That puts it reasonable relative to the KS statewide average.
What is the investability score for Concordia, KS?
Concordia, KS rates 3.0/5 for investability. With median values at $130K and rents near $863/mo, the market offers reasonable fundamentals for rental investors.
How quickly do rentals get leased in Concordia, KS?
Occupancy in Concordia, KS runs reliable with elevated vacancy. Well-priced units at $863/mo lease on reasonable timelines.
Is house hacking profitable in Concordia, KS?
The house hack math a challenging in Concordia, KS. Owner-occupant buyers benefit from the $863/mo rents and $130K home values.
How strong is the working-renter base in Concordia, KS?
Working renters make up the core of the Concordia, KS tenant base. The pool is reasonable for investors targeting long-term holds.
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