Real Estate Investing in Lakin, Kansas (67838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67838 (Lakin, KS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.0% 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 Lakin, KS (67838)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67838 Lakin
The 67838 ZIP covers a section of Lakin that demands careful diligence. Prices near $156K look accessible, but the work to make a deal cash flow is real.
The 67838 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 67838 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 67838 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 67838, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lakin:
Market Trends
Home Value History (with trend line)
📊 How Does 67838 Compare?
| Metric | 67838 | Lakin | Garden City, KS | Kansas |
|---|---|---|---|---|
| Home Value | $155,820 | $178,896 | N/A | $237,409 |
| 5-Year CAGR | 3.4% | 4.0% | N/A | 7.2% |
| Avg Rent | $1,152 | $1,188 | N/A | - |
| Cap Rate | 5.8% | 5.3% | - | - |
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 67838 (Lakin, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 67838 (Lakin, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $155,820 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (5.8%). 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 67838
Population: 1,084
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 67838
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
Does Lakin, KS make sense for an investment property?
The 3.0/5 investability rating in Lakin, KS reflects its $156K prices and $1,152/mo rents. Investors generally consider it a solid option within KS.
Does Lakin, KS favor landlords or tenants?
Rental owners in Lakin, KS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What do rentals go for in Lakin, KS?
Average rent in Lakin, KS is approximately $1,152/mo per month. Against $156K home values that yields a reasonable rent-to-price ratio.
What kind of vacancy should I budget for in Lakin, KS?
Occupancy in Lakin, KS runs reliable with elevated vacancy. Well-priced units at $1,152/mo lease on reasonable timelines.
What is the typical renter like in Lakin, KS?
Tenant quality in Lakin, KS ranks as solid. Landlords generally report reliable occupancy at market rents of $1,152/mo.
You know 67838 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67838 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.
How 67838 ranks in Garden City, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 67838 (Lakin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 67838 (Lakin, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.