Real Estate Investing in Pratt, Kansas (67124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67124 (Pratt, 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: 15.7% 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 Pratt, KS (67124)?
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Market Analysis: 67124 Pratt
Investors eyeing 67124 need to respect the fundamentals at play. Home values of $128K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 67124 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 67124 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 67124 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 Pratt's stable or hybrid ZIPs before stepping into 67124. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pratt:
Property Strategy for 67124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $81,462 | $880 | 7.8% | +7.4% | $40,731 |
| 3BR | $146,531 | $1,160 | 5.7% | +6.4% | $48,844 |
| 4BR | $181,813 | $1,170 | 4.6% | +5.6% | $45,453 |
| 5BR | $258,279 | — | — | +5.5% | $51,656 |
Market Trends
Home Value History (with trend line)
📊 How Does 67124 Compare?
| Metric | 67124 | Pratt | Kansas |
|---|---|---|---|
| Home Value | $128,044 | $128,044 | $237,409 |
| 5-Year CAGR | 6.1% | 6.1% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.8% | 4.8% | - |
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 67124 (Pratt, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,044 |
| Monthly Rent | $792 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (4.8%). 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 67124
Population: 7,822
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 67124
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 strong are rents in Pratt, KS?
The typical rental in Pratt, KS commands about $792/mo monthly. That rent profile stable cash flow against the $128K purchase basis.
Do rentals sit vacant long in Pratt, KS?
Rental vacancy in Pratt, KS is elevated. Investors should budget normal turnover but not chronic empty units.
What type of investing works in Pratt, KS?
A careful cash-flow rentals with hands-on management strategy Pratt, KS best. The market produces steady results for that approach at the $128K price point.
What is the median home value in Pratt, KS?
Typical homes in Pratt, KS go for around $128K. The 5-year CAGR of 0.0% measured price movement.
Does a duplex house hack pencil in Pratt, KS?
For house hackers, Pratt, KS is a challenging. The $792/mo rent on a unit helps defray the mortgage on a $128K property.
You know 67124 now. You don’t know where it ranks.
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