Real Estate Investing in Concordia, Kansas (66948)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66948 (Concordia, KS)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
• 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 Concordia, KS (66948)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66948 Concordia
From an investor standpoint, ZIP 66948 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $97K median. It rewards specialists, not generalists.
Rent of $819/mo on a $97K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66948 sits below the stated 0.0% once reality is priced in.
ZIP 66948's metrics run below Cloud County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 12% in 66948 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 66948 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 Concordia:
Market Trends
Home Value History (with trend line)
📊 How Does 66948 Compare?
| Metric | 66948 | Concordia | Kansas |
|---|---|---|---|
| Home Value | $96,589 | $113,477 | $237,409 |
| 5-Year CAGR | 1.3% | 4.9% | 7.2% |
| Avg Rent | $819 | $841 | - |
| Cap Rate | 6.6% | 5.9% | - |
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 66948 (Concordia, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66948 (Concordia, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $96,589 |
| Monthly Rent | $819 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66948
Population: 601
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Concordia, KS?
The typical rental in Concordia, KS commands about $819/mo monthly. That rent profile even-keeled cash flow against the $97K purchase basis.
Are there empty rentals in Concordia, KS?
Vacancy in Concordia, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
How strong is Concordia, KS for real estate investors?
Concordia, KS rates 3.0/5 for investability. With median values at $97K and rents near $819/mo, the market offers reasonable fundamentals for rental investors.
Are eviction rules reasonable in Concordia, KS?
For rental operators, Concordia, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the smart move for investors in Concordia, KS?
In Concordia, KS the robust play is typically careful cash-flow rentals with hands-on management. The combination of $97K prices and $819/mo rents suits that approach.
You know 66948 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66948 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.
AI Market Advisor
Ask questions about investing in 66948 (Concordia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66948 (Concordia, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.