Real Estate Investing in Lake City, Kansas (67134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67134 (Lake City, 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: 41.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lake City, KS (67134)?
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Market Analysis: 67134 Lake City
The 67134 ZIP in Lake City, KS is a local-operator market. Outside capital chasing a $172K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $172K asset, 67134 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 67134 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 375 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 67134 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lake City:
Market Trends
Home Value History (with trend line)
📊 How Does 67134 Compare?
| Metric | 67134 | Lake City | Kansas |
|---|---|---|---|
| Home Value | $171,926 | $85,963 | $237,409 |
| 5-Year CAGR | 7.0% | 7.0% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67134 (Lake City, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,926 |
| Monthly Rent | $792 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +13.7% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.6%). 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 67134
Population: 375
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Lake City, KS a good investment right now?
Lake City, KS scores 3.0/5 for investability. Home values sit at $172K and rents near $792/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How tight is the rental market in Lake City, KS?
Lake City, KS carries elevated vacancy risk. Expect measured absorption at market rents of $792/mo.
Are renters plentiful in Lake City, KS?
Working renters make up the core of the Lake City, KS tenant base. The pool is reasonable for investors targeting long-term holds.
How viable is house hacking in Lake City, KS?
House hacking in Lake City, KS is a challenging. With home values around $172K and rents at $792/mo, owner-occupants can offset a meaningful share of PITI.
What is the smart move for investors in Lake City, KS?
In Lake City, KS the solid play is typically careful cash-flow rentals with hands-on management. The combination of $172K prices and $792/mo rents suits that approach.
You know 67134 now. You don’t know where it ranks.
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