Real Estate Investing in Clearwater, Kansas (67149)
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Should you buy in 67149 (Clearwater, 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 price-to-rent: Price-to-rent ratio 28.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clearwater, KS (67149)?
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Market Analysis: 67149 Clearwater
Not every below-median market is a bargain. Clearwater's 67149 ZIP shows signals that favor experienced operators who can absorb the risk $389K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67149 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Clearwater have seen price recovery that 67149 has not matched. Sedgwick County data supports the view that the spread is structural rather than temporary.
Employment concentration in 67149 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 67149 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Clearwater:
Market Trends
Home Value History (with trend line)
📊 How Does 67149 Compare?
| Metric | 67149 | Clearwater | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $388,961 | $329,548 | N/A | $237,409 |
| 5-Year CAGR | 6.3% | 5.9% | N/A | 7.2% |
| Avg Rent | $1,125 | $1,121 | N/A | - |
| Cap Rate | 2.3% | 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 67149 (Clearwater, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,961 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.3%). 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 67149
Population: 1,245
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Clearwater, KS?
Homes in Clearwater, KS typically sell near $389K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
How viable is house hacking in Clearwater, KS?
The house hack math a challenging in Clearwater, KS. Owner-occupant buyers benefit from the $1,125/mo rents and $389K home values.
What real estate strategy is ideal for Clearwater, KS?
Clearwater, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($389K prices, $1,125/mo rents) make it a reasonable choice.
How strict are landlord regulations in Clearwater, KS?
Rental owners in Clearwater, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical rental rate in Clearwater, KS?
The typical rental in Clearwater, KS commands about $1,125/mo monthly. That rent profile even-keeled cash flow against the $389K purchase basis.
You know 67149 now. You don’t know where it ranks.
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How 67149 ranks in Wichita, KS
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