Real Estate Investing in Fowler, Kansas (67844)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Meade County • Population: 726 • Data updated: September 2026

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Should you buy in 67844 (Fowler, KS)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 23.4% of homes vacant — above national norms.
  • 1-year downturn: Values declined 3.9% in the last year.

• 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 Fowler, KS (67844)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $111,310
Avg Monthly Rent $891
1% Rule ✗ Does Not Meet
Median Income $53,095
% Renters 37.0%

Market Analysis: 67844 Fowler

Not every below-median market is a bargain. Fowler's 67844 ZIP clocks in at signals that favor experienced operators who can absorb the risk $111K pricing implies.

Put differently, the numbers look inviting — $111K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67844 is substantial and deserves full respect.

Nearby ZIPs in Fowler have seen price recovery that 67844 has not matched. Meade County data supports the view that the spread is structural rather than temporary.

The demographic picture in 67844 includes headwinds that any investor should price in. Income distribution skews lower than Fowler averages, and tenant stability requires active management.

Strategy in 67844 is an operator game, not a passive one. In practical terms, entry prices of $111K are inviting, the management lift is real and non-optional.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Fowler:

C+ Average
Buy Confidence Score: 69/100
Affordability
25/25
Appreciation
14/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.1× the median income
Value Trend
Declining (-3.9%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $891/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$130K$116K$102K$88K$74K$60KFeb 2016May 2021Jul 2026

📊 How Does 67844 Compare?

Metric 67844 Fowler Kansas
Home Value $111,310 $111,310 $237,409
5-Year CAGR 2.6% 2.6% 7.2%
Avg Rent $891 $891 -
Cap Rate 6.2% 6.2% -
💡 Why Invest in 67844? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 37% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 67844 (Fowler, KS). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
6.2%
Good
5yr Growth
+2.6%
Slow

📊 Market Snapshot

Home Value $111,310
Monthly Rent $891
Price-to-Rent 10.4:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 9.6%
Cap Rate 6.2%
5-Year IRR 8.9%

📈 Home Appreciation

1-Year -3.9% ▼
3-Year CAGR -0.2% ▼
5-Year CAGR +2.6% ▲
10-Year CAGR +5.4% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 6.2%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). 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.

Vacancy
23.4%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+2.6%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 67844

Population: 726

💰 Median Household Income
$53,095
This area
$53,095
State
$67,472
USA
$74,580
🏠 Renter Occupied
37.0%
This area
37.0%
State
22.4%
USA
34.0%
💼 Unemployment Rate
2.5%
This area
2.5%
State
-2.1%
USA
3.7%
🎓 College Educated
31.8%
This area
31.8%
State
17.3%
USA
33.7%
👤 Median Age
43.6 years
This area
43.6 years
State
32.6 years
USA
38.9 years
🏚️ Vacancy Rate
23.4%
This area
23.4%
State
16.4%
USA
10.5%
👥 Population by Ethnicity
White 88.4%
Other/Mixed 11.6%
Hispanic/Latino 4.9%
👶 Under 18
22.2%
This area
22.2%
USA
22.0%
👴 65 and Over
26.8%
This area
26.8%
USA
17.3%
📊 Poverty Rate
6.0%
This area
6.0%
USA
11.5%

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 67844

B+ Avg School Grade
2 Schools
11.6:1 Avg Class Size
$21,000 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Fowler Elem

📚 Pre-K – 06 School
👥
50 Students
👨‍🏫
11.6:1 Class Size
💰
$21,000 Per Student
B Good

Fowler High

📚 07 – 12 High School
👥
24 Students
💰
$21,000 Per Student
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

How much does a house cost in Fowler, KS?

Median home price in Fowler, KS is near $111K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.

What is the tenant pool like in Fowler, KS?

Working renters make up the core of the Fowler, KS tenant base. The pool is reasonable for investors targeting long-term holds.

Is Fowler, KS a friendly market for rental owners?

Fowler, KS operates under KS law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.

What kind of vacancy should I budget for in Fowler, KS?

Expect elevated vacancy in Fowler, KS. Rents at $891/mo are absorbed by the tenant base without meaningful lag.

What is the smart move for investors in Fowler, KS?

Investors usually favor careful cash-flow rentals with hands-on management in Fowler, KS. With home values at $111K and rents near $891/mo, other strategies can work but produce predictable rather than outsized returns.

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