Real Estate Investing in Agenda, Kansas (66940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66940 (Agenda, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 39.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 9.4% in the last year.
- Lower household income: $38,646 median — tenant affordability is tighter.
• 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 Agenda, KS (66940)?
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Market Analysis: 66940 Agenda
The 66940 ZIP covers a section of Agenda that demands careful diligence. Prices near $99K look accessible, but the work to make a deal cash flow is real.
Rent of $792/mo on a $99K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66940 sits below the stated 0.0% once reality is priced in.
Within KS, ZIP 66940 trails on several market indicators that neighboring Republic County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 66940 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 66940 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Agenda:
Market Trends
Home Value History (with trend line)
📊 How Does 66940 Compare?
| Metric | 66940 | Agenda | Kansas |
|---|---|---|---|
| Home Value | $99,442 | $49,721 | $237,409 |
| 5-Year CAGR | 2.5% | 2.5% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 6.2% | 6.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66940 (Agenda, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $99,442 |
| Monthly Rent | $792 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -9.4% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (6.2%). 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 66940
Population: 308
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
Are homes affordable in Agenda, KS?
Homes in Agenda, KS typically sell near $99K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Is Agenda, KS a friendly market for rental owners?
The landlord environment in Agenda, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Agenda, KS?
The tenant pool in Agenda, KS is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
What is the rental occupancy rate in Agenda, KS?
Agenda, KS carries elevated vacancy risk. Expect measured absorption at market rents of $792/mo.
Is Agenda, KS suited for a house hack?
Agenda, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $792/mo rent level.
You know 66940 now. You don’t know where it ranks.
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