Real Estate Investing in Ogallah, Kansas (67656)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67656 (Ogallah, 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: 27.0% 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 Ogallah, KS (67656)?
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Market Analysis: 67656 Ogallah
This part of Trego County is not an easy win. The 67656 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67656 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Stepping back, 67656 offers a low basis, the region around Ogallah has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 67656 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 67656 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Ogallah:
Market Trends
Home Value History (with trend line)
📊 How Does 67656 Compare?
| Metric | 67656 | Ogallah | Kansas |
|---|---|---|---|
| Home Value | $165,910 | $165,910 | $237,409 |
| 5-Year CAGR | 11.2% | 11.2% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67656 (Ogallah, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,910 |
| Monthly Rent | $792 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 14.9% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +13.1% ▲ |
| 5-Year CAGR | +11.2% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 67656
Population: 251
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
How much is rent in Ogallah, KS?
The typical rental in Ogallah, KS commands about $792/mo monthly. That rent profile reliable cash flow against the $166K purchase basis.
What type of investing works in Ogallah, KS?
Ogallah, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($166K prices, $792/mo rents) make it a reasonable choice.
How expensive is real estate in Ogallah, KS?
Expect median prices around $166K in Ogallah, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Ogallah, KS good for house hacking?
House hacking in Ogallah, KS is reasonable to execute. Prices around $166K and rents of $792/mo solid owner-occupant economics.
How deep is the rental pool in Ogallah, KS?
Tenant quality in Ogallah, KS ranks as solid. Landlords generally report even-keeled occupancy at market rents of $792/mo.
You know 67656 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67656 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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