Real Estate Investing in Lucas, Kansas (67648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67648 (Lucas, 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: 24.9% 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 Lucas, KS (67648)?
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Market Analysis: 67648 Lucas
Not every below-median market is a bargain. Lucas's 67648 ZIP shows signals that favor experienced operators who can absorb the risk $87K pricing implies.
For an experienced owner, 67648 can be a a viable market for hunting ground — but the discount at $87K reflects genuine risk that outside investors often underestimate.
In the broader KS picture, 67648 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 67648 ZIP's population of 574 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 67648 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 Lucas:
Market Trends
Home Value History (with trend line)
📊 How Does 67648 Compare?
| Metric | 67648 | Lucas | Kansas |
|---|---|---|---|
| Home Value | $86,695 | $86,695 | $237,409 |
| 5-Year CAGR | 3.9% | 3.9% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 7.1% | 7.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67648 (Lucas, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $86,695 |
| Monthly Rent | $792 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.1% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (7.1%). 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 67648
Population: 574
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 67648
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
Should investors consider Lucas, KS?
Investors tracking Lucas, KS will find a 3.0/5 rating supported by $87K median home values and $792/mo rents. That profile suits long-term holders targeting reliable returns.
What is the average monthly rent in Lucas, KS?
Average rent in Lucas, KS is approximately $792/mo per month. Against $87K home values that yields a reasonable rent-to-price ratio.
What is the smart move for investors in Lucas, KS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lucas, KS. The numbers - $87K homes against $792/mo rents - support that play.
What kind of vacancy should I budget for in Lucas, KS?
Vacancy risk in Lucas, KS is elevated. That supports steady cash flow for typical rental holds.
Is Lucas, KS landlord-friendly?
Lucas, KS operates under KS law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
You know 67648 now. You don’t know where it ranks.
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