Real Estate Investing in Almena, Kansas (67622)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67622 (Almena, 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.
- High vacancy: 21.6% 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 Almena, KS (67622)?
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Market Analysis: 67622 Almena
The 67622 ZIP in Almena, KS is a local-operator market. Outside capital chasing a $111K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 67622 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 67622 and stronger Almena ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 67622 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 67622 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 Almena:
Market Trends
Home Value History (with trend line)
📊 How Does 67622 Compare?
| Metric | 67622 | Almena | Kansas |
|---|---|---|---|
| Home Value | $111,424 | $111,424 | $237,409 |
| 5-Year CAGR | 5.6% | 5.6% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.5% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67622 (Almena, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $111,424 |
| Monthly Rent | $792 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +14.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (5.5%). 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 67622
Population: 586
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 67622
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 Almena, KS?
Rent in Almena, KS is around $792/mo. The resulting rent-to-value relationship with $111K pricing is reasonable for most investor models.
Is Almena, KS a friendly market for rental owners?
Almena, KS operates under KS law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Which real estate strategy fits Almena, KS?
For Almena, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can I house hack in Almena, KS?
House hacking in Almena, KS is a challenging. With home values around $111K and rents at $792/mo, owner-occupants can offset a meaningful share of PITI.
Do landlords face vacancy issues in Almena, KS?
Almena, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 67622 now. You don’t know where it ranks.
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