Real Estate Investing in Hope, Kansas (67451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67451 (Hope, 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: 14.9% 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 Hope, KS (67451)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67451 Hope
The 67451 ZIP in Hope, KS is a local-operator market. Outside capital chasing a $186K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 67451 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Hope have seen price recovery that 67451 has not matched. Dickinson County data supports the view that the spread is structural rather than temporary.
A solid renter share of 26% in 67451 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 67451 is an operator game, not a passive one. Put differently, entry prices of $186K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hope:
Market Trends
Home Value History (with trend line)
📊 How Does 67451 Compare?
| Metric | 67451 | Hope | Kansas |
|---|---|---|---|
| Home Value | $185,781 | $185,781 | $237,409 |
| 5-Year CAGR | 6.5% | 6.5% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67451 (Hope, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,781 |
| Monthly Rent | $792 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.3%). 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 67451
Population: 915
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 67451
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 do landlords charge for rent in Hope, KS?
Rent in Hope, KS is around $792/mo. The resulting rent-to-value relationship with $186K pricing is reasonable for most investor models.
What is the tenant pool like in Hope, KS?
The tenant pool in Hope, KS is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
What is the median home value in Hope, KS?
Typical homes in Hope, KS go for around $186K. The 5-year CAGR of 0.0% stable price movement.
What real estate strategy is ideal for Hope, KS?
Hope, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($186K prices, $792/mo rents) make it a reasonable choice.
Does a duplex house hack pencil in Hope, KS?
For house hackers, Hope, KS is a challenging. The $792/mo rent on a unit helps defray the mortgage on a $186K property.
You know 67451 now. You don’t know where it ranks.
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