Real Estate Investing in Garden City, Kansas (67846)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67846 (Garden 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.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Garden City, KS (67846)?
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Market Analysis: 67846 Garden City
Investors eyeing 67846 need to respect the fundamentals at play. Home values of $236K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 67846 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 67846 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 37% in 67846 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 67846 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Garden City:
Property Strategy for 67846
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $118,330 | $790 | 4.8% | +7.3% | $118,330 |
| 2BR | $180,454 | $1,040 | 4.1% | +6.1% | $90,227 |
| 3BR | $226,397 | $1,430 | 4.5% | +6.1% | $75,466 |
| 4BR | $277,551 | $1,700 | 4.4% | +5.7% | $69,388 |
| 5BR | $326,893 | — | — | +5.6% | $65,379 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67846 Compare?
| Metric | 67846 | Garden City | Garden City, KS | Kansas |
|---|---|---|---|---|
| Home Value | $235,975 | $235,975 | N/A | $237,409 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.2% |
| Avg Rent | $817 | $817 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 67846 (Garden City, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,975 |
| Monthly Rent | $817 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (2.7%). 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 67846
Population: 34,276
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 67846
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
Investor Insight: With 664 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Garden City, KS?
Expect median prices around $236K in Garden City, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Are renters plentiful in Garden City, KS?
The tenant pool in Garden City, KS is solid, supported by local employment and population fundamentals. Rents of $817/mo are well-absorbed by the market.
Are landlord laws favorable in Garden City, KS?
Garden City, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What approach is best for Garden City, KS real estate?
For Garden City, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does house hacking work in Garden City, KS?
For house hackers, Garden City, KS is a challenging. The $817/mo rent on a unit helps defray the mortgage on a $236K property.
You know 67846 now. You don’t know where it ranks.
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How 67846 ranks in Garden City, KS
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