Real Estate Investing in Phillipsburg, Kansas (67661)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67661 (Phillipsburg, 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: 17.2% 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 Phillipsburg, KS (67661)?
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Market Analysis: 67661 Phillipsburg
Not every below-median market is a bargain. Phillipsburg's 67661 ZIP posts signals that favor experienced operators who can absorb the risk $133K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 67661 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 67661's metrics run below Phillips's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 67661 includes headwinds that any investor should price in. Income distribution skews lower than Phillipsburg averages, and tenant stability requires active management.
The 67661 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 Phillipsburg:
Property Strategy for 67661
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $62,369 | $920 | 10.6% | +7.3% | $31,184 |
| 3BR | $139,996 | $1,240 | 6.4% | +9.0% | $46,665 |
| 4BR | $168,594 | $1,340 | 5.7% | +8.6% | $42,149 |
| 5BR | $177,454 | — | — | +7.0% | $35,491 |
Market Trends
Home Value History (with trend line)
📊 How Does 67661 Compare?
| Metric | 67661 | Phillipsburg | Kansas |
|---|---|---|---|
| Home Value | $133,274 | $133,274 | $237,409 |
| 5-Year CAGR | 7.1% | 7.1% | 7.2% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.9% | 4.9% | - |
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 67661 (Phillipsburg, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,274 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (4.9%). 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 67661
Population: 2,890
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 67661
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 approach is best for Phillipsburg, KS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Phillipsburg, KS. The numbers - $133K homes against $828/mo rents - support that play.
How deep is the rental pool in Phillipsburg, KS?
The tenant pool in Phillipsburg, KS is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
How does Phillipsburg, KS stack up for property investment?
Yes - Phillipsburg, KS a 3.0/5 investability score. With $133K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
How expensive is real estate in Phillipsburg, KS?
Median home price in Phillipsburg, KS is near $133K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How much rent can I charge in Phillipsburg, KS?
Rents in Phillipsburg, KS run near $828/mo. Compared with median home prices of $133K that produces solid gross yields for typical rentals.
You know 67661 now. You don’t know where it ranks.
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