Real Estate Investing in Hays, Kansas (67601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67601 (Hays, 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.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
What’s happening in Hays, KS (67601)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67601 Hays
ZIP 67601 in Hays, KS carries a notable set of headwinds. Home values near $259K and rents of $930/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 67601 can be a a viable market for hunting ground — but the discount at $259K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Hays have seen price recovery that 67601 has not matched. Ellis County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 24,279 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 67601 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hays:
Property Strategy for 67601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $86,898 | $720 | 6.0% | +3.3% | $86,898 |
| 2BR | $146,964 | $940 | 4.6% | +6.0% | $73,482 |
| 3BR | $224,982 | $1,290 | 4.1% | +6.3% | $74,994 |
| 4BR | $265,808 | $1,580 | 4.3% | +6.4% | $66,452 |
| 5BR | $326,613 | — | — | +6.2% | $65,323 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67601 Compare?
| Metric | 67601 | Hays | Hays, KS | Kansas |
|---|---|---|---|---|
| Home Value | $259,090 | $259,090 | N/A | $237,409 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.2% |
| Avg Rent | $930 | $930 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 67601 (Hays, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,090 |
| Monthly Rent | $930 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 67601
Population: 24,279
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 67601
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
Investor Insight: With 847 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Hays, KS?
Expect rents around $930/mo per month in Hays, KS. With home values at $259K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Hays, KS?
Tenant demand in Hays, KS is solid. The local workforce $930/mo rents across most rental classes.
Which real estate strategy fits Hays, KS?
Hays, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($259K prices, $930/mo rents) make it a reasonable choice.
Is house hacking profitable in Hays, KS?
The a challenging house-hack environment in Hays, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical vacancy rate in Hays, KS?
Expect elevated vacancy in Hays, KS. Rents at $930/mo are absorbed by the tenant base without meaningful lag.
You know 67601 now. You don’t know where it ranks.
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How 67601 ranks in Hays, KS
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