Real Estate Investing in Clyde, Kansas (66938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66938 (Clyde, 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: 13.7% 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 Clyde, KS (66938)?
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Market Analysis: 66938 Clyde
ZIP 66938 inside Cloud County looks affordable on the surface — median value of $133K — but the discount exists for reasons that a careful buyer should understand before committing.
On the rental side, the numbers look inviting — $133K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66938 is substantial and deserves full respect.
Nearby ZIPs in Clyde have seen price recovery that 66938 has not matched. Cloud County data supports the view that the spread is structural rather than temporary.
A substantial renter share of 20% in 66938 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Clyde:
Property Strategy for 66938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $83,276 | $910 | 7.9% | +5.8% | $41,638 |
| 3BR | $142,916 | $1,100 | 5.5% | +7.8% | $47,639 |
Market Trends
Home Value History (with trend line)
📊 How Does 66938 Compare?
| Metric | 66938 | Clyde | Kansas |
|---|---|---|---|
| Home Value | $132,786 | $132,786 | $237,409 |
| 5-Year CAGR | 6.9% | 6.9% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 4.8% | 4.8% | - |
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 66938 (Clyde, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,786 |
| Monthly Rent | $819 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (4.8%). 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 66938
Population: 1,248
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 66938
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 Clyde, KS?
Expect elevated vacancy in Clyde, KS. Rents at $819/mo are absorbed by the tenant base without meaningful lag.
How strong is tenant demand in Clyde, KS?
The renter base in Clyde, KS is reasonable for the $819/mo price point. Screening well and pricing to market typically yields consistent tenants.
What are rental rates like in Clyde, KS?
Rent in Clyde, KS is around $819/mo. The resulting rent-to-value relationship with $133K pricing is reasonable for most investor models.
What is the median home value in Clyde, KS?
Median home price in Clyde, KS is near $133K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What approach is best for Clyde, KS real estate?
In Clyde, KS the notable play is typically careful cash-flow rentals with hands-on management. The combination of $133K prices and $819/mo rents suits that approach.
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