Real Estate Investing in Canton, Kansas (67428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67428 (Canton, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Canton, KS (67428)?
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Market Analysis: 67428 Canton
The 67428 ZIP in Canton, KS is a local-operator market. Outside capital chasing a $196K entry has to pair deep knowledge with the discount.
For an experienced owner, 67428 can be a worth a close look for hunting ground — but the discount at $196K reflects genuine risk that outside investors often underestimate.
ZIP 67428's metrics run below McPherson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 19% in 67428 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 67428 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 Canton:
Property Strategy for 67428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,830 | $960 | 4.9% | +5.2% | $70,415 |
| 3BR | $204,686 | $1,230 | 4.3% | +5.9% | $68,229 |
Market Trends
Home Value History (with trend line)
📊 How Does 67428 Compare?
| Metric | 67428 | Canton | McPherson, KS | Kansas |
|---|---|---|---|---|
| Home Value | $196,237 | $196,237 | N/A | $237,409 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.2% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 67428 (Canton, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,237 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.4%). 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 67428
Population: 1,137
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 67428
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
Should investors consider Canton, KS?
With a 3.0/5 investability score, Canton, KS ranks as a solid market for rental property investors. Median prices of $196K and rents of $864/mo drive the underlying numbers.
What is the rental occupancy rate in Canton, KS?
Canton, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What strategy should investors use in Canton, KS?
A careful cash-flow rentals with hands-on management strategy Canton, KS best. The market produces consistent results for that approach at the $196K price point.
Can I live-in-and-rent in Canton, KS?
The house hack math a challenging in Canton, KS. Owner-occupant buyers benefit from the $864/mo rents and $196K home values.
Does Canton, KS favor landlords or tenants?
Rental owners in Canton, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 67428 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67428 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 67428 ranks in McPherson, KS
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Community Ratings
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