Real Estate Investing in Cherryvale, Kansas (67335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67335 (Cherryvale, 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: 14.3% 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 Cherryvale, KS (67335)?
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Market Analysis: 67335 Cherryvale
The 67335 ZIP in Cherryvale, KS is a local-operator market. Outside capital chasing a $114K entry has to pair deep knowledge with the discount.
Rent of $792/mo on a $114K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 67335 sits below the stated 0.0% once reality is priced in.
Regionally, 67335 sits on the difficult end of the KS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 67335 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 67335 is an operator game, not a passive one. Turning to rents, entry prices of $114K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cherryvale:
Property Strategy for 67335
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $59,974 | $880 | 10.6% | +4.9% | $29,987 |
| 3BR | $122,156 | $1,100 | 6.5% | +7.5% | $40,719 |
| 4BR | $153,210 | $1,390 | 6.5% | +6.8% | $38,303 |
Market Trends
Home Value History (with trend line)
📊 How Does 67335 Compare?
| Metric | 67335 | Cherryvale | Parsons, KS | Kansas |
|---|---|---|---|---|
| Home Value | $113,988 | $113,988 | N/A | $237,409 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.2% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67335 (Cherryvale, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,988 |
| Monthly Rent | $792 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +16.5% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (5.4%). 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 67335
Population: 3,300
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 67335
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 expensive is real estate in Cherryvale, KS?
Typical homes in Cherryvale, KS go for around $114K. The 5-year CAGR of 0.0% stable price movement.
How much is rent in Cherryvale, KS?
The typical rental in Cherryvale, KS commands about $792/mo monthly. That rent profile stable cash flow against the $114K purchase basis.
How do experienced investors play Cherryvale, KS?
In Cherryvale, KS the solid play is typically careful cash-flow rentals with hands-on management. The combination of $114K prices and $792/mo rents suits that approach.
How viable is house hacking in Cherryvale, KS?
House hacking works a challenging in Cherryvale, KS. Rents of $792/mo against $114K acquisition make the strategy solid for owner-occupants.
Is Cherryvale, KS a friendly market for rental owners?
Landlord-friendliness in Cherryvale, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 67335 now. You don’t know where it ranks.
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How 67335 ranks in Parsons, KS
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