Real Estate Investing in Herington, Kansas (67449)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67449 (Herington, KS)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.0% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
- 1-year downturn: Values declined 10.0% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Herington, KS (67449)?
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Market Analysis: 67449 Herington
In Herington's 67449 ZIP, the arithmetic favors hands-on owners. Median home values sits at $82K, leaving spread for capex-heavy BRRRR or reposition strategies.
ZIP 67449 favors investors with a contractor on speed dial. Turning to rents, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $909/mo average.
Across Herington, pockets like 67449 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The 67449 ZIP's demographic trend has been one of stability with upside — population of 2,756, steady renter share, and an incoming cohort that is willing to pay for improved units.
Value-add plays pencil in 67449 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Herington:
Property Strategy for 67449
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $60,692 | $1,010 | 12.0% | +3.4% | $30,346 |
| 3BR | $124,617 | $1,320 | 7.6% | +5.5% | $41,539 |
| 4BR | $158,697 | $1,380 | 6.3% | +4.2% | $39,674 |
Market Trends
Home Value History (with trend line)
📊 How Does 67449 Compare?
| Metric | 67449 | Herington | Kansas |
|---|---|---|---|
| Home Value | $81,917 | $81,917 | $237,409 |
| 5-Year CAGR | 0.1% | 0.1% | 7.2% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 8.7% | 8.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67449 (Herington, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $81,917 |
| Monthly Rent | $909 |
| Price-to-Rent | 7.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.3% |
| Cap Rate | 8.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -10.0% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +2.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.7%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67449
Population: 2,756
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 67449
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 monthly rent should investors expect in Herington, KS?
Average rent in Herington, KS is approximately $909/mo per month. Against $82K home values that yields a reasonable rent-to-price ratio.
What strategy should investors use in Herington, KS?
A value-add and BRRRR deals strategy Herington, KS best. The market produces even-keeled results for that approach at the $82K price point.
How does Herington, KS stack up for property investment?
Herington, KS posts an investability rating of 4.0/5, with median home values near $82K and average rents around $909/mo. That combination puts it in the solid tier for investor interest.
Are there BRRRR deals in Herington, KS?
Herington, KS is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $909/mo produces solid refinance appraisals against $82K values.
How much does a house cost in Herington, KS?
Homes in Herington, KS typically sell near $82K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
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