Real Estate Investing in Conway Springs, Kansas (67031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67031 (Conway Springs, KS)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Conway Springs, KS (67031)?
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Market Analysis: 67031 Conway Springs
The 67031 ZIP covers a section of Conway Springs that demands careful diligence. Prices near $200K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67031 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In practical terms, 67031 offers a low basis, the region around Conway Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 67031 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. resilient returns are possible in 67031, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Conway Springs:
Property Strategy for 67031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $107,078 | $1,120 | 7.5% | +5.3% | $53,539 |
| 3BR | $192,574 | $1,340 | 5.0% | +6.2% | $64,191 |
| 4BR | $292,128 | $1,490 | 3.7% | +7.3% | $73,032 |
Market Trends
Home Value History (with trend line)
📊 How Does 67031 Compare?
| Metric | 67031 | Conway Springs | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $200,173 | $200,173 | N/A | $237,409 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.2% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 67031 (Conway Springs, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,173 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.9%). 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 67031
Population: 2,527
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 67031
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
What price range are homes in Conway Springs, KS?
Median home price in Conway Springs, KS is near $200K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is Conway Springs, KS a friendly market for rental owners?
For rental operators, Conway Springs, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What investment strategy works best in Conway Springs, KS?
Most investors in Conway Springs, KS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Conway Springs, KS a good market for buy-and-hold investors?
Our data puts Conway Springs, KS at 3.0/5 for investability. Home prices of $200K and rents around $1,008/mo create a solid backdrop for investor activity.
What is the renter demographic in Conway Springs, KS?
Conway Springs, KS offers a stable renter base at the $1,008/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 67031 now. You don’t know where it ranks.
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How 67031 ranks in Wichita, KS
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