Real Estate Investing in Bird City, Kansas (67731)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67731 (Bird City, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.4% of homes vacant — above national norms.
- Elevated poverty: 20.5% 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 Bird City, KS (67731)?
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Market Analysis: 67731 Bird City
The 67731 ZIP in Bird City, KS is a local-operator market. Outside capital chasing a $163K entry has to pair deep knowledge with the discount.
The 67731 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Bird City have seen price recovery that 67731 has not matched. Cheyenne County data supports the view that the spread is structural rather than temporary.
Resident income in 67731 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 67731 is an operator game, not a passive one. Turning to rents, entry prices of $163K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bird City:
Market Trends
Home Value History (with trend line)
📊 How Does 67731 Compare?
| Metric | 67731 | Bird City | Kansas |
|---|---|---|---|
| Home Value | $163,150 | $163,150 | $237,409 |
| 5-Year CAGR | 12.2% | 12.2% | 7.2% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67731 (Bird City, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $163,150 |
| Monthly Rent | $819 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 16.1% |
📈 Home Appreciation
| 1-Year | +14.0% ▲ |
| 3-Year CAGR | +12.2% ▲ |
| 5-Year CAGR | +12.2% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 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 (3.9%). 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 67731
Population: 880
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 67731
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 Bird City, KS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bird City, KS. The numbers - $163K homes against $819/mo rents - support that play.
How quickly do rentals get leased in Bird City, KS?
Bird City, KS carries elevated vacancy risk. Expect measured absorption at market rents of $819/mo.
What is it like being a landlord in Bird City, KS?
KS ranks as a landlord-friendly state for landlord-tenant law. Bird City generally follows the statewide framework, so landlords face reasonable operating rules.
Can I house hack in Bird City, KS?
Bird City, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $163K price point reasonable to enter.
What is the typical rental rate in Bird City, KS?
The typical rental in Bird City, KS commands about $819/mo monthly. That rent profile steady cash flow against the $163K purchase basis.
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