Real Estate Investing in Lakin, Kansas (67860)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67860 (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: 15.4% 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 (67860)?
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Market Analysis: 67860 Lakin
ZIP 67860 inside Kearny County looks affordable on the surface — median value of $202K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,224/mo on a $202K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 67860 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 67860 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 2,646 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 67860 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lakin:
Property Strategy for 67860
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $123,204 | $1,360 | 7.9% | +6.6% | $61,602 |
| 3BR | $198,637 | $1,630 | 5.9% | +7.4% | $66,212 |
| 4BR | $243,162 | $1,800 | 5.3% | +7.9% | $60,790 |
Market Trends
Home Value History (with trend line)
📊 How Does 67860 Compare?
| Metric | 67860 | Lakin | Garden City, KS | Kansas |
|---|---|---|---|---|
| Home Value | $201,971 | $178,896 | N/A | $237,409 |
| 5-Year CAGR | 4.6% | 4.0% | N/A | 7.2% |
| Avg Rent | $1,224 | $1,188 | N/A | - |
| Cap Rate | 4.7% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67860 (Lakin, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,971 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (4.7%). 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 67860
Population: 2,646
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 67860
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 is the renter demographic in Lakin, KS?
Lakin, KS offers a consistent renter base at the $1,224/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Lakin, KS for real estate investors?
Lakin, KS scores 3.0/5 for investability. Home values sit at $202K and rents near $1,224/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Lakin, KS?
Homes in Lakin, KS typically sell near $202K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Can I house hack in Lakin, KS?
Lakin, KS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,224/mo rent level.
How much do tenants pay in Lakin, KS?
Rent in Lakin, KS is around $1,224/mo. The resulting rent-to-value relationship with $202K pricing is reasonable for most investor models.
You know 67860 now. You don’t know where it ranks.
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How 67860 ranks in Garden City, KS
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