Real Estate Investing in Goodland, Kansas (67735)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67735 (Goodland, 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: 22.3% 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 Goodland, KS (67735)?
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Market Analysis: 67735 Goodland
The 67735 ZIP in Goodland, KS is a local-operator market. Outside capital chasing a $153K entry has to pair deep knowledge with the discount.
The investment case in 67735 is resilient only for operators who understand what they are buying. A $153K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KS, ZIP 67735 trails on several market indicators that neighboring Sherman County submarkets outperform. The gap is real and notable enough to shape underwriting.
A substantial renter share of 37% in 67735 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Goodland's stable or hybrid ZIPs before stepping into 67735. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Goodland:
Property Strategy for 67735
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $77,455 | $930 | 8.6% | +9.1% | $38,728 |
| 3BR | $140,977 | $1,120 | 5.7% | +8.8% | $46,992 |
| 4BR | $199,876 | $1,350 | 4.9% | +8.0% | $49,969 |
| 5BR | $235,483 | — | — | +7.9% | $47,097 |
Market Trends
Home Value History (with trend line)
📊 How Does 67735 Compare?
| Metric | 67735 | Goodland | Kansas |
|---|---|---|---|
| Home Value | $152,591 | $152,591 | $237,409 |
| 5-Year CAGR | 7.1% | 7.1% | 7.2% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 67735 (Goodland, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,591 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (4.3%). 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 67735
Population: 5,203
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 67735
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical home price in Goodland, KS?
Homes in Goodland, KS typically sell near $153K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What is the tenant pool like in Goodland, KS?
The tenant pool in Goodland, KS is solid, supported by local employment and population fundamentals. Rents of $837/mo are well-absorbed by the market.
Are landlord laws favorable in Goodland, KS?
Rental owners in Goodland, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Goodland, KS a good place for real estate investing?
Goodland, KS shows an investability rating of 3.0/5, with median home values near $153K and average rents around $837/mo. That combination puts it in the robust tier for investor interest.
Can I house hack in Goodland, KS?
Goodland, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.
You know 67735 now. You don’t know where it ranks.
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