Real Estate Investing in Douglass, Kansas (67039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67039 (Douglass, 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.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Douglass, KS (67039)?
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Market Analysis: 67039 Douglass
Put differently, ZIP 67039 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $248K median. It rewards specialists, not generalists.
The investment case in 67039 is resilient only for operators who understand what they are buying. A $248K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Douglass have seen price recovery that 67039 has not matched. Butler County data supports the view that the spread is structural rather than temporary.
Employment concentration in 67039 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Douglass:
Property Strategy for 67039
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,444 | $940 | 4.3% | +7.1% | $78,222 |
| 3BR | $240,859 | $1,230 | 3.7% | +6.9% | $80,286 |
| 4BR | $338,128 | $1,520 | 3.2% | +6.6% | $84,532 |
Market Trends
Home Value History (with trend line)
📊 How Does 67039 Compare?
| Metric | 67039 | Douglass | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $248,381 | $248,381 | N/A | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.2% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67039 (Douglass, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $248,381 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (2.7%). 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 67039
Population: 2,936
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 67039
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 do home values compare in Douglass, KS?
In Douglass, KS the median home value sits at $248K. Against the broader KS market, that reads as reasonable for most investors.
Is Douglass, KS a smart market for rental property?
With a 3.0/5 investability score, Douglass, KS ranks as a solid market for rental property investors. Median prices of $248K and rents of $846/mo drive the underlying numbers.
How strong is the working-renter base in Douglass, KS?
Tenant demand in Douglass, KS is solid. The local workforce $846/mo rents across most rental classes.
Does house hacking make sense in Douglass, KS?
House hacking in Douglass, KS is reasonable to execute. Prices around $248K and rents of $846/mo solid owner-occupant economics.
Are there empty rentals in Douglass, KS?
Vacancy in Douglass, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
You know 67039 now. You don’t know where it ranks.
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How 67039 ranks in Wichita, KS
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