Real Estate Investing in Medicine Lodge, Kansas (67104)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67104 (Medicine Lodge, 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.
- High vacancy: 33.2% 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 Medicine Lodge, KS (67104)?
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Market Analysis: 67104 Medicine Lodge
This part of Barber County is not an easy win. The 67104 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 67104 can be a a strong candidate for hunting ground — but the discount at $97K reflects genuine risk that outside investors often underestimate.
On the rental side, 67104 offers a low basis, the region around Medicine Lodge has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 2,087 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 right play in 67104 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 Medicine Lodge:
Property Strategy for 67104
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $60,858 | $880 | 10.4% | +5.9% | $30,429 |
| 3BR | $93,813 | $1,100 | 8.4% | +5.1% | $31,271 |
| 4BR | $136,433 | $1,470 | 7.8% | +5.2% | $34,108 |
Market Trends
Home Value History (with trend line)
📊 How Does 67104 Compare?
| Metric | 67104 | Medicine Lodge | Kansas |
|---|---|---|---|
| Home Value | $96,823 | $96,823 | $237,409 |
| 5-Year CAGR | 6.1% | 6.1% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 6.4% | 6.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67104 (Medicine Lodge, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $96,823 |
| Monthly Rent | $792 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67104
Population: 2,087
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 67104
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
How much do tenants pay in Medicine Lodge, KS?
Rental rates in Medicine Lodge, KS average $792/mo. Tenant demand and $97K home values make the yield look reasonable by investor standards.
What is the rental occupancy rate in Medicine Lodge, KS?
Vacancy risk in Medicine Lodge, KS is elevated. That supports steady cash flow for typical rental holds.
Is Medicine Lodge, KS a smart market for rental property?
Our data puts Medicine Lodge, KS at 3.0/5 for investability. Home prices of $97K and rents around $792/mo create a solid backdrop for investor activity.
What is the best play in Medicine Lodge, KS?
A careful cash-flow rentals with hands-on management strategy Medicine Lodge, KS best. The market produces reliable results for that approach at the $97K price point.
What price range are homes in Medicine Lodge, KS?
Typical homes in Medicine Lodge, KS go for around $97K. The 5-year CAGR of 0.0% steady price movement.
You know 67104 now. You don’t know where it ranks.
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