Real Estate Investing in Greensburg, Kansas (67054)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67054 (Greensburg, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.1% 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 Greensburg, KS (67054)?
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Market Analysis: 67054 Greensburg
This part of Kiowa County is not an easy win. The 67054 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 67054 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader KS picture, 67054 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 67054 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.
New investors are better served looking at Greensburg's stable or hybrid ZIPs before stepping into 67054. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Greensburg:
Property Strategy for 67054
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,270 | $880 | 5.2% | +2.8% | $60,635 |
| 3BR | $193,648 | $1,090 | 4.1% | +3.5% | $64,549 |
Market Trends
Home Value History (with trend line)
📊 How Does 67054 Compare?
| Metric | 67054 | Greensburg | Kansas |
|---|---|---|---|
| Home Value | $182,167 | $182,167 | $237,409 |
| 5-Year CAGR | 3.2% | 3.2% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 67054 (Greensburg, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,167 |
| Monthly Rent | $792 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (3.4%). 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 67054
Population: 1,272
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 67054
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
Frequently Asked Questions
How much does a house cost in Greensburg, KS?
Homes in Greensburg, KS typically sell near $182K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the typical renter like in Greensburg, KS?
Tenant quality in Greensburg, KS ranks as solid. Landlords generally report reliable occupancy at market rents of $792/mo.
How do landlord-tenant laws work in Greensburg, KS?
KS ranks as a landlord-friendly state for landlord-tenant law. Greensburg generally follows the statewide framework, so landlords face reasonable operating rules.
What investment strategy works best in Greensburg, KS?
Most investors in Greensburg, 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.
Can owner-occupants cash flow in Greensburg, KS?
Greensburg, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $792/mo rent level.
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