Real Estate Investing in Washington, Kansas (66968)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66968 (Washington, 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: 12.4% 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 Washington, KS (66968)?
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Market Analysis: 66968 Washington
Investors eyeing 66968 need to respect the fundamentals at play. Home values of $148K come alongside slower price movement and elevated management overhead.
From a cash-flow lens, the numbers look inviting — $148K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66968 is substantial and deserves full respect.
Statewide comparisons place 66968 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 66968 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Washington's stable or hybrid ZIPs before stepping into 66968. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Washington:
Property Strategy for 66968
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,339 | $880 | 6.9% | +8.4% | $46,169 |
| 3BR | $158,727 | $1,160 | 5.3% | +8.7% | $52,909 |
| 4BR | $215,555 | $1,160 | 3.9% | +8.7% | $53,889 |
Market Trends
Home Value History (with trend line)
📊 How Does 66968 Compare?
| Metric | 66968 | Washington | Kansas |
|---|---|---|---|
| Home Value | $148,257 | $148,257 | $237,409 |
| 5-Year CAGR | 7.7% | 7.7% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.2% | 4.2% | - |
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 66968 (Washington, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,257 |
| Monthly Rent | $792 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.2%). 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 66968
Population: 1,435
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 66968
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 vacancy a concern in Washington, KS?
Vacancy in Washington, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $792/mo.
How strong are rents in Washington, KS?
Rents in Washington, KS run near $792/mo. Compared with median home prices of $148K that produces solid gross yields for typical rentals.
What is the smart move for investors in Washington, KS?
The best-fit strategy in Washington, KS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is house hacking profitable in Washington, KS?
The house hack math a challenging in Washington, KS. Owner-occupant buyers benefit from the $792/mo rents and $148K home values.
How does Washington, KS stack up for property investment?
Washington, KS scores 3.0/5 for investability. Home values sit at $148K and rents near $792/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 66968 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66968 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.
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