Real Estate Investing in Logan, Kansas (67646)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67646 (Logan, 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: 19.6% of homes vacant — above national norms.
- Elevated poverty: 32.3% poverty rate — can affect rent collection.
• 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 Logan, KS (67646)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67646 Logan
Investors eyeing 67646 need to respect the fundamentals at play. Home values of $111K come alongside slower price movement and elevated management overhead.
The 67646 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KS, ZIP 67646 trails on several market indicators that neighboring Phillips County submarkets outperform. The gap is real and solid enough to shape underwriting.
Stepping back, 704 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.
New investors are better served looking at Logan's stable or hybrid ZIPs before stepping into 67646. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Logan:
Market Trends
Home Value History (with trend line)
📊 How Does 67646 Compare?
| Metric | 67646 | Logan | Kansas |
|---|---|---|---|
| Home Value | $110,690 | $110,690 | $237,409 |
| 5-Year CAGR | 5.3% | 5.3% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.6% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67646 (Logan, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $110,690 |
| Monthly Rent | $792 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). 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 67646
Population: 704
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 67646
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 kind of vacancy should I budget for in Logan, KS?
Logan, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is the working-renter base in Logan, KS?
The renter base in Logan, KS is reasonable for the $792/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Does Logan, KS make sense for an investment property?
The 3.0/5 investability rating in Logan, KS reflects its $111K prices and $792/mo rents. Investors generally consider it a solid option within KS.
Are eviction rules reasonable in Logan, KS?
For rental operators, Logan, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the median home value in Logan, KS?
Expect median prices around $111K in Logan, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
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