Real Estate Investing in Damar, Kansas (67632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67632 (Damar, 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: 26.2% 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 Damar, KS (67632)?
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Market Analysis: 67632 Damar
The 67632 ZIP covers a section of Damar that demands careful diligence. Prices near $134K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $134K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67632 is substantial and deserves full respect.
Statewide comparisons place 67632 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 67632 includes headwinds that any investor should price in. Income distribution skews lower than Damar averages, and tenant stability requires active management.
Strategically, 67632 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 Damar:
Market Trends
Home Value History (with trend line)
📊 How Does 67632 Compare?
| Metric | 67632 | Damar | Kansas |
|---|---|---|---|
| Home Value | $133,605 | $133,605 | $237,409 |
| 5-Year CAGR | 7.3% | 7.3% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67632 (Damar, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,605 |
| Monthly Rent | $792 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.6%). 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 67632
Population: 226
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 67632
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 is the investability score for Damar, KS?
Damar, KS rates 3.0/5 for investability. With median values at $134K and rents near $792/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Damar, KS?
Working renters make up the core of the Damar, KS tenant base. The pool is reasonable for investors targeting long-term holds.
What do rentals go for in Damar, KS?
Rent in Damar, KS is around $792/mo. The resulting rent-to-value relationship with $134K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Damar, KS?
Vacancy in Damar, KS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $792/mo.
How expensive is real estate in Damar, KS?
Typical homes in Damar, KS go for around $134K. The 5-year CAGR of 0.0% consistent price movement.
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