Real Estate Investing in Elk City, Kansas (67344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67344 (Elk City, 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: 36.2% 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 Elk City, KS (67344)?
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Market Analysis: 67344 Elk City
Investors eyeing 67344 need to respect the fundamentals at play. Home values of $202K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67344 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 67344 and stronger Elk City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 67344 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Elk City's stable or hybrid ZIPs before stepping into 67344. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elk City:
Market Trends
Home Value History (with trend line)
📊 How Does 67344 Compare?
| Metric | 67344 | Elk City | Coffeyville, KS | Kansas |
|---|---|---|---|---|
| Home Value | $202,445 | $202,445 | N/A | $237,409 |
| 5-Year CAGR | 9.3% | 9.3% | N/A | 7.2% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67344 (Elk City, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,445 |
| Monthly Rent | $999 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 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 (3.9%). 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 67344
Population: 735
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 do home values compare in Elk City, KS?
Homes in Elk City, KS typically sell near $202K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Are tenants stable in Elk City, KS?
Working renters make up the core of the Elk City, KS tenant base. The pool is reasonable for investors targeting long-term holds.
What approach is best for Elk City, KS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Elk City, KS. The numbers - $202K homes against $999/mo rents - support that play.
How landlord-friendly is Elk City, KS?
Landlord-friendliness in Elk City, KS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are vacancy rates like in Elk City, KS?
Vacancy in Elk City, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $999/mo.
You know 67344 now. You don’t know where it ranks.
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How 67344 ranks in Coffeyville, KS
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