Real Estate Investing in Elkhart, Kansas (67950)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67950 (Elkhart, KS)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 30.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elkhart, KS (67950)?
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Market Analysis: 67950 Elkhart
This part of Morton County is not an easy win. The 67950 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 67950 is significant only for operators who understand what they are buying. A $104K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 67950 sits on the difficult end of the KS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 67950 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 67950 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 Elkhart:
Property Strategy for 67950
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $109,105 | $1,050 | 6.9% | -0.1% | $36,368 |
| 4BR | $132,492 | $1,280 | 7.0% | +0.1% | $33,123 |
Market Trends
Home Value History (with trend line)
📊 How Does 67950 Compare?
| Metric | 67950 | Elkhart | Kansas |
|---|---|---|---|
| Home Value | $104,192 | $104,192 | $237,409 |
| 5-Year CAGR | 0.9% | 0.9% | 7.2% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67950 (Elkhart, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $104,192 |
| Monthly Rent | $792 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (5.9%). 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 67950
Population: 1,786
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 67950
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
Are rents high in Elkhart, KS?
Rents in Elkhart, KS run near $792/mo. Compared with median home prices of $104K that produces solid gross yields for typical rentals.
Are homes affordable in Elkhart, KS?
Elkhart, KS home values average about $104K. That price point suits investors targeting rentals with $792/mo in monthly income.
Is Elkhart, KS a good place for real estate investing?
Elkhart, KS comes in at an investability rating of 3.0/5, with median home values near $104K and average rents around $792/mo. That combination puts it in the significant tier for investor interest.
Which investment style suits Elkhart, KS?
A careful cash-flow rentals with hands-on management strategy Elkhart, KS best. The market produces steady results for that approach at the $104K price point.
How tight is the rental market in Elkhart, KS?
Elkhart, KS carries elevated vacancy risk. Expect measured absorption at market rents of $792/mo.
You know 67950 now. You don’t know where it ranks.
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