Real Estate Investing in Greenleaf, Kansas (66943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66943 (Greenleaf, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
• 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 Greenleaf, KS (66943)?
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Market Analysis: 66943 Greenleaf
ZIP 66943 in Greenleaf, KS carries a resilient set of headwinds. Home values near $139K and rents of $819/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $139K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66943 is substantial and deserves full respect.
Nearby ZIPs in Greenleaf have seen price recovery that 66943 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Demographically, 66943 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. impressive returns are possible in 66943, 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 Greenleaf:
Market Trends
Home Value History (with trend line)
📊 How Does 66943 Compare?
| Metric | 66943 | Greenleaf | Kansas |
|---|---|---|---|
| Home Value | $138,802 | $138,802 | $237,409 |
| 5-Year CAGR | 7.7% | 7.7% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66943 (Greenleaf, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,802 |
| Monthly Rent | $819 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.6%). 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 66943
Population: 582
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
How much does a house cost in Greenleaf, KS?
Homes in Greenleaf, KS typically sell near $139K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What kind of vacancy should I budget for in Greenleaf, KS?
Occupancy in Greenleaf, KS runs steady with elevated vacancy. Well-priced units at $819/mo lease on reasonable timelines.
What kind of tenants rent in Greenleaf, KS?
Tenant quality in Greenleaf, KS ranks as solid. Landlords generally report measured occupancy at market rents of $819/mo.
Where do rents currently stand in Greenleaf, KS?
The typical rental in Greenleaf, KS commands about $819/mo monthly. That rent profile measured cash flow against the $139K purchase basis.
Is rental property easy to operate in Greenleaf, KS?
Landlord-friendliness in Greenleaf, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 66943 now. You don’t know where it ranks.
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