Real Estate Investing in Norwich, Kansas (67118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67118 (Norwich, 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: 12.3% 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 Norwich, KS (67118)?
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Market Analysis: 67118 Norwich
The 67118 ZIP in Norwich, KS is a local-operator market. Outside capital chasing a $202K entry has to pair deep knowledge with the discount.
The 67118 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader KS picture, 67118 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 67118 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 67118 is an operator game, not a passive one. On balance, entry prices of $202K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Norwich:
Market Trends
Home Value History (with trend line)
📊 How Does 67118 Compare?
| Metric | 67118 | Norwich | Kansas |
|---|---|---|---|
| Home Value | $202,490 | $202,490 | $237,409 |
| 5-Year CAGR | 7.2% | 7.2% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67118 (Norwich, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,490 |
| Monthly Rent | $819 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.2%). 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 67118
Population: 856
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 67118
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
What is the investability score for Norwich, KS?
Norwich, KS posts an investability rating of 3.0/5, with median home values near $202K and average rents around $819/mo. That combination puts it in the resilient tier for investor interest.
How strong are rents in Norwich, KS?
The typical rental in Norwich, KS commands about $819/mo monthly. That rent profile steady cash flow against the $202K purchase basis.
How landlord-friendly is Norwich, KS?
Landlord-friendliness in Norwich, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of vacancy should I budget for in Norwich, KS?
Occupancy in Norwich, KS runs steady with elevated vacancy. Well-priced units at $819/mo lease on reasonable timelines.
Can I live-in-and-rent in Norwich, KS?
House hacking in Norwich, KS is a challenging. With home values around $202K and rents at $819/mo, owner-occupants can offset a meaningful share of PITI.
You know 67118 now. You don’t know where it ranks.
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