Real Estate Investing in Wakefield, Kansas (67487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67487 (Wakefield, 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.
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 Wakefield, KS (67487)?
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Market Analysis: 67487 Wakefield
This part of Clay County is not an easy win. The 67487 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $238K asset, 67487 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Wakefield have seen price recovery that 67487 has not matched. Clay County data supports the view that the spread is structural rather than temporary.
Employment concentration in 67487 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Wakefield's stable or hybrid ZIPs before stepping into 67487. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Wakefield:
Market Trends
Home Value History (with trend line)
📊 How Does 67487 Compare?
| Metric | 67487 | Wakefield | Kansas |
|---|---|---|---|
| Home Value | $238,150 | $238,150 | $237,409 |
| 5-Year CAGR | 5.6% | 5.6% | 7.2% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67487 (Wakefield, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,150 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 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 (2.8%). 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 67487
Population: 1,503
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 67487
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
Where do rents currently stand in Wakefield, KS?
The typical rental in Wakefield, KS commands about $864/mo monthly. That rent profile consistent cash flow against the $238K purchase basis.
What is the tenant pool like in Wakefield, KS?
The tenant pool in Wakefield, KS is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
Which investment style suits Wakefield, KS?
A careful cash-flow rentals with hands-on management strategy Wakefield, KS best. The market produces steady results for that approach at the $238K price point.
How tight is the rental market in Wakefield, KS?
Wakefield, KS carries elevated vacancy risk. Expect consistent absorption at market rents of $864/mo.
Is house hacking profitable in Wakefield, KS?
House hacking works a challenging in Wakefield, KS. Rents of $864/mo against $238K acquisition make the strategy solid for owner-occupants.
You know 67487 now. You don’t know where it ranks.
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