Real Estate Investing in Andover, Kansas (67002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67002 (Andover, 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.
No major risk flags on the data we track.
What’s happening in Andover, KS (67002)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67002 Andover
Investors eyeing 67002 need to respect the fundamentals at play. Home values of $335K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $335K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67002 is substantial and deserves full respect.
ZIP 67002's metrics run below Butler County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 67002 includes headwinds that any investor should price in. Income distribution skews lower than Andover averages, and tenant stability requires active management.
The right play in 67002 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Andover:
Property Strategy for 67002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $241,540 | $1,650 | 4.9% | +6.9% | $120,770 |
| 3BR | $269,635 | $2,170 | 5.8% | +6.6% | $89,878 |
| 4BR | $331,211 | $2,680 | 5.8% | +6.2% | $82,803 |
| 5BR | $412,698 | — | — | +5.2% | $82,540 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67002 Compare?
| Metric | 67002 | Andover | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $335,052 | $335,052 | N/A | $237,409 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.2% |
| Avg Rent | $1,779 | $1,779 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 67002 (Andover, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,052 |
| Monthly Rent | $1,779 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 67002
Population: 16,753
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 67002
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,852 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Andover, KS a good market for buy-and-hold investors?
Our data puts Andover, KS at 3.0/5 for investability. Home prices of $335K and rents around $1,779/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Andover, KS?
Rent in Andover, KS is around $1,779/mo. The resulting rent-to-value relationship with $335K pricing is reasonable for most investor models.
Can I live-in-and-rent in Andover, KS?
The house hack math a challenging in Andover, KS. Owner-occupant buyers benefit from the $1,779/mo rents and $335K home values.
Is housing expensive in Andover, KS?
Andover, KS median home values land near $335K. That is reasonable territory for investors looking at $1,779/mo-per-month rentals.
What kind of vacancy should I budget for in Andover, KS?
Andover, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 67002 now. You don’t know where it ranks.
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How 67002 ranks in Wichita, KS
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