Real Estate Investing in Gorham, Kansas (67640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67640 (Gorham, 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: 18.7% 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 Gorham, KS (67640)?
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Market Analysis: 67640 Gorham
Not every below-median market is a bargain. Gorham's 67640 ZIP reflects signals that favor experienced operators who can absorb the risk $145K pricing implies.
For an experienced owner, 67640 can be a a strong candidate for hunting ground — but the discount at $145K reflects genuine risk that outside investors often underestimate.
ZIP 67640's metrics run below Ellis County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 67640 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 67640 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 Gorham:
Market Trends
Home Value History (with trend line)
📊 How Does 67640 Compare?
| Metric | 67640 | Gorham | Hays, KS | Kansas |
|---|---|---|---|---|
| Home Value | $145,320 | $145,320 | N/A | $237,409 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.2% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67640 (Gorham, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $145,320 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (4.4%). 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 67640
Population: 532
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Gorham, KS better for rentals, flips, or BRRRR?
Gorham, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($145K prices, $828/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Gorham, KS?
Tenant demand in Gorham, KS is solid. The local workforce $828/mo rents across most rental classes.
How strict are landlord regulations in Gorham, KS?
Gorham, KS operates under KS law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How strong is Gorham, KS for real estate investors?
Gorham, KS scores 3.0/5 for investability. Home values sit at $145K and rents near $828/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical home price in Gorham, KS?
Homes in Gorham, KS typically sell near $145K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 67640 now. You don’t know where it ranks.
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How 67640 ranks in Hays, KS
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