Real Estate Investing in Norton, Kansas (67654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67654 (Norton, 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: 23.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Norton, KS (67654)?
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Market Analysis: 67654 Norton
Not every below-median market is a bargain. Norton's 67654 ZIP stands at signals that favor experienced operators who can absorb the risk $128K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67654 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Norton have seen price recovery that 67654 has not matched. Norton County data supports the view that the spread is structural rather than temporary.
Demographically, 67654 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 67654 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 Norton:
Property Strategy for 67654
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $62,032 | $910 | 10.6% | +4.5% | $31,016 |
| 3BR | $119,994 | $1,170 | 7.0% | +5.3% | $39,998 |
| 4BR | $188,226 | $1,320 | 5.0% | +5.9% | $47,056 |
| 5BR | $229,627 | — | — | +5.3% | $45,925 |
Market Trends
Home Value History (with trend line)
📊 How Does 67654 Compare?
| Metric | 67654 | Norton | Kansas |
|---|---|---|---|
| Home Value | $128,174 | $128,174 | $237,409 |
| 5-Year CAGR | 5.0% | 5.0% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67654 (Norton, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,174 |
| Monthly Rent | $819 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (5.0%). 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 67654
Population: 4,209
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 67654
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 average home sale price in Norton, KS?
The median home value in Norton, KS is roughly $128K. That puts it reasonable relative to the KS statewide average.
What strategy should investors use in Norton, KS?
For Norton, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strict are landlord regulations in Norton, KS?
KS law landlord-friendly for landlords, and Norton inherits those rules. Investors should still review local ordinances for rental licensing.
Does house hacking make sense in Norton, KS?
The house hack math a challenging in Norton, KS. Owner-occupant buyers benefit from the $819/mo rents and $128K home values.
How quickly do rentals get leased in Norton, KS?
Occupancy in Norton, KS runs steady with elevated vacancy. Well-priced units at $819/mo lease on reasonable timelines.
You know 67654 now. You don’t know where it ranks.
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