Real Estate Investing in Derby, Kansas (67037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67037 (Derby, 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 Derby, KS (67037)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67037 Derby
ZIP 67037 in Derby, KS carries a durable set of headwinds. Home values near $290K and rents of $1,523/mo sit inside a market where underwriting has to be tight.
The 67037 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 67037's metrics run below Sedgwick 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 67037 includes headwinds that any investor should price in. Income distribution skews lower than Derby averages, and tenant stability requires active management.
The right play in 67037 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 Derby:
Property Strategy for 67037
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,462 | $1,230 | 3.9% | +6.3% | $113,731 |
| 3BR | $239,875 | $1,620 | 4.9% | +6.7% | $79,958 |
| 4BR | $306,552 | $2,000 | 4.7% | +5.6% | $76,638 |
| 5BR | $363,130 | — | — | +4.9% | $72,626 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67037 Compare?
| Metric | 67037 | Derby | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $289,706 | $289,706 | N/A | $237,409 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.2% |
| Avg Rent | $1,523 | $1,523 | 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 67037 (Derby, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,706 |
| Monthly Rent | $1,523 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 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 67037
Population: 30,108
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 67037
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 2,059 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Derby, KS?
Derby, KS draws a measured base of working renters. Demand at the $1,523/mo rent level is reasonable for standard single-family and small multi rentals.
Does house hacking make sense in Derby, KS?
Derby, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,523/mo rent level.
What is the rental occupancy rate in Derby, KS?
Vacancy in Derby, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,523/mo.
What do rentals go for in Derby, KS?
The typical rental in Derby, KS commands about $1,523/mo monthly. That rent profile measured cash flow against the $290K purchase basis.
What price range are homes in Derby, KS?
Derby, KS median home values land near $290K. That is reasonable territory for investors looking at $1,523/mo-per-month rentals.
You know 67037 now. You don’t know where it ranks.
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How 67037 ranks in Wichita, KS
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