Real Estate Investing in Courtland, Kansas (66939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66939 (Courtland, 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: 25.1% 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 Courtland, KS (66939)?
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Market Analysis: 66939 Courtland
The 66939 ZIP covers a section of Courtland that demands careful diligence. Prices near $154K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 66939 can be a worth a close look for hunting ground — but the discount at $154K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Courtland have seen price recovery that 66939 has not matched. Republic County data supports the view that the spread is structural rather than temporary.
Demographically, 66939 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. solid returns are possible in 66939, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Courtland:
Market Trends
Home Value History (with trend line)
📊 How Does 66939 Compare?
| Metric | 66939 | Courtland | Kansas |
|---|---|---|---|
| Home Value | $153,880 | $153,880 | $237,409 |
| 5-Year CAGR | 5.0% | 5.0% | 7.2% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66939 (Courtland, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,880 |
| Monthly Rent | $810 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 66939
Population: 322
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 66939
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.
Frequently Asked Questions
Is Courtland, KS a good place for real estate investing?
Yes - Courtland, KS a 3.0/5 investability score. With $154K home prices against $810/mo monthly rent, the market delivers a reasonable entry point for new investors.
How tight is the rental market in Courtland, KS?
Courtland, KS carries elevated vacancy risk. Expect predictable absorption at market rents of $810/mo.
Are tenants stable in Courtland, KS?
Courtland, KS draws a steady base of working renters. Demand at the $810/mo rent level is reasonable for standard single-family and small multi rentals.
Is rental property easy to operate in Courtland, KS?
Landlord-friendliness in Courtland, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What monthly rent should investors expect in Courtland, KS?
Rental rates in Courtland, KS average $810/mo. Tenant demand and $154K home values make the yield look reasonable by investor standards.
You know 66939 now. You don’t know where it ranks.
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