Real Estate Investing in Mullinville, Kansas (67109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67109 (Mullinville, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.6% 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 Mullinville, KS (67109)?
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Market Analysis: 67109 Mullinville
The 67109 ZIP covers a section of Mullinville that demands careful diligence. Prices near $118K 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 67109 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader KS picture, 67109 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 67109 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 67109 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Mullinville:
Market Trends
Home Value History (with trend line)
📊 How Does 67109 Compare?
| Metric | 67109 | Mullinville | Kansas |
|---|---|---|---|
| Home Value | $118,287 | $118,287 | $237,409 |
| 5-Year CAGR | 1.9% | 1.9% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67109 (Mullinville, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $118,287 |
| Monthly Rent | $792 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.2%). 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 67109
Population: 360
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
Frequently Asked Questions
How does Mullinville, KS rate as a rental market?
Mullinville, KS scores 3.0/5 for investability. Home values sit at $118K and rents near $792/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of vacancy should I budget for in Mullinville, KS?
Occupancy in Mullinville, KS runs even-keeled with elevated vacancy. Well-priced units at $792/mo lease on reasonable timelines.
What real estate strategy is ideal for Mullinville, KS?
Mullinville, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($118K prices, $792/mo rents) make it a reasonable choice.
Is Mullinville, KS good for house hacking?
House hacking in Mullinville, KS is a challenging. With home values around $118K and rents at $792/mo, owner-occupants can offset a meaningful share of PITI.
Is rental property easy to operate in Mullinville, KS?
Landlord-friendliness in Mullinville, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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