Real Estate Investing in Smith Center, Kansas (66967)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66967 (Smith Center, 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: 18.6% 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 Smith Center, KS (66967)?
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Market Analysis: 66967 Smith Center
Put differently, ZIP 66967 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $109K median. It rewards specialists, not generalists.
The 66967 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 66967 sits on the difficult end of the KS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 66967 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.
Experienced landlords with local relationships tend to find 66967 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 Smith Center:
Property Strategy for 66967
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $61,172 | $920 | 10.8% | +11.3% | $30,586 |
| 3BR | $119,745 | $1,190 | 7.2% | +10.6% | $39,915 |
| 4BR | $161,161 | $1,340 | 6.0% | +10.2% | $40,290 |
Market Trends
Home Value History (with trend line)
📊 How Does 66967 Compare?
| Metric | 66967 | Smith Center | Kansas |
|---|---|---|---|
| Home Value | $109,251 | $109,251 | $237,409 |
| 5-Year CAGR | 7.2% | 7.2% | 7.2% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.9% | 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 66967 (Smith Center, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $109,251 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (5.9%). 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 66967
Population: 2,003
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 66967
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 Smith Center, KS better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Smith Center, KS. With home values at $109K and rents near $828/mo, other strategies can work but produce stable rather than outsized returns.
How strong is tenant demand in Smith Center, KS?
The renter base in Smith Center, KS is reasonable for the $828/mo price point. Screening well and pricing to market typically yields measured tenants.
Do rentals sit vacant long in Smith Center, KS?
Vacancy in Smith Center, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
Is Smith Center, KS landlord-friendly?
Smith Center, KS operates under KS law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is Smith Center, KS a good market for buy-and-hold investors?
With a 3.0/5 investability score, Smith Center, KS ranks as a solid market for rental property investors. Median prices of $109K and rents of $828/mo drive the underlying numbers.
You know 66967 now. You don’t know where it ranks.
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