Real Estate Investing in Clay Center, Kansas (67432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67432 (Clay Center, 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.
- Elevated vacancy: 8.5% 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 Clay Center, KS (67432)?
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Market Analysis: 67432 Clay Center
The 67432 ZIP covers a section of Clay Center that demands careful diligence. Prices near $166K look accessible, but the work to make a deal cash flow is real.
The investment case in 67432 is healthy only for operators who understand what they are buying. A $166K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Clay Center have seen price recovery that 67432 has not matched. Clay County data supports the view that the spread is structural rather than temporary.
Demographically, 67432 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.
Distressed ZIPs reward experience. robust returns are possible in 67432, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Clay Center:
Property Strategy for 67432
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $94,783 | $960 | 7.3% | +6.4% | $47,391 |
| 3BR | $169,892 | $1,270 | 5.4% | +5.9% | $56,631 |
| 4BR | $206,002 | $1,510 | 5.3% | +6.3% | $51,500 |
| 5BR | $261,698 | — | — | +6.0% | $52,340 |
Market Trends
Home Value History (with trend line)
📊 How Does 67432 Compare?
| Metric | 67432 | Clay Center | Kansas |
|---|---|---|---|
| Home Value | $165,629 | $165,629 | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | 7.2% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 67432 (Clay Center, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,629 |
| Monthly Rent | $864 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (4.1%). 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 67432
Population: 5,536
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 67432
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
What is the tenant pool like in Clay Center, KS?
Expect a solid tenant pool in Clay Center, KS. The rental market absorbs $864/mo rents without meaningful friction.
What is the investability score for Clay Center, KS?
Yes - Clay Center, KS a 3.0/5 investability score. With $166K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
What investment strategy works best in Clay Center, KS?
In Clay Center, KS the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $166K prices and $864/mo rents suits that approach.
Does Clay Center, KS favor landlords or tenants?
Clay Center, KS operates under KS law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What is the typical vacancy rate in Clay Center, KS?
Clay Center, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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