Real Estate Investing in Ulysses, Kansas (67880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67880 (Ulysses, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.8% 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 Ulysses, KS (67880)?
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Market Analysis: 67880 Ulysses
The 67880 ZIP in Ulysses, KS is a local-operator market. Outside capital chasing a $157K entry has to pair deep knowledge with the discount.
The investment case in 67880 is healthy only for operators who understand what they are buying. A $157K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Ulysses have seen price recovery that 67880 has not matched. Grant County data supports the view that the spread is structural rather than temporary.
The 67880 ZIP's population of 7,316 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 67880 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ulysses:
Property Strategy for 67880
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $84,694 | $1,170 | 9.9% | +5.7% | $42,347 |
| 3BR | $155,475 | $1,410 | 6.5% | +4.6% | $51,825 |
| 4BR | $191,113 | $1,550 | 5.8% | +4.4% | $47,778 |
| 5BR | $220,377 | — | — | +4.7% | $44,075 |
Market Trends
Home Value History (with trend line)
📊 How Does 67880 Compare?
| Metric | 67880 | Ulysses | Kansas |
|---|---|---|---|
| Home Value | $157,456 | $157,456 | $237,409 |
| 5-Year CAGR | 4.2% | 4.2% | 7.2% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67880 (Ulysses, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,456 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (5.2%). 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.
Demographics in 67880
Population: 7,316
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 67880
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
How quickly do rentals get leased in Ulysses, KS?
Vacancy risk in Ulysses, KS is elevated. That supports even-keeled cash flow for typical rental holds.
Can owner-occupants cash flow in Ulysses, KS?
Ulysses, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $157K price point reasonable to enter.
How strong is tenant demand in Ulysses, KS?
Working renters make up the core of the Ulysses, KS tenant base. The pool is reasonable for investors targeting long-term holds.
What is the average monthly rent in Ulysses, KS?
Expect rents around $1,053/mo per month in Ulysses, KS. With home values at $157K, the yield math works out to reasonable levels for rental investors.
What is the average home sale price in Ulysses, KS?
Expect median prices around $157K in Ulysses, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
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