Real Estate Investing in Lenora, Kansas (67645)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67645 (Lenora, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.9% of homes vacant — above national norms.
- Lower household income: $32,333 median — tenant affordability is tighter.
• 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 Lenora, KS (67645)?
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Market Analysis: 67645 Lenora
ZIP 67645 inside Norton looks affordable on the surface — median value of $81K — but the discount exists for reasons that a careful buyer should understand before committing.
The 67645 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 67645 offers a low basis, the region around Lenora has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 67645 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 67645 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 Lenora:
Market Trends
Home Value History (with trend line)
📊 How Does 67645 Compare?
| Metric | 67645 | Lenora | Kansas |
|---|---|---|---|
| Home Value | $81,268 | $81,268 | $237,409 |
| 5-Year CAGR | 1.6% | 1.6% | 7.2% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 7.7% | 7.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67645 (Lenora, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $81,268 |
| Monthly Rent | $801 |
| Price-to-Rent | 8.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.8% |
| Cap Rate | 7.7% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +2.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67645
Population: 489
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
Frequently Asked Questions
What approach is best for Lenora, KS real estate?
Lenora, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($81K prices, $801/mo rents) make it a reasonable choice.
What is the average home sale price in Lenora, KS?
Lenora, KS median home values land near $81K. That is reasonable territory for investors looking at $801/mo-per-month rentals.
Is vacancy a concern in Lenora, KS?
Lenora, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How qualified is the tenant pool in Lenora, KS?
Lenora, KS draws a steady base of working renters. Demand at the $801/mo rent level is reasonable for standard single-family and small multi rentals.
How much do tenants pay in Lenora, KS?
Investors in Lenora, KS typically see rents near $801/mo per month against $81K home values - a solid setup for rental cash flow.
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