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MarketsKansasEmporia

Cap Rate Analysis: Emporia, KS

Investment metrics, interactive calculators, and data-driven analysis for Emporia rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $180,000 median price and $770/mo median rent
Est. Cap Rate
2.68%
1% Rule
0.43%
Fails
GRM
19.5x
Price / Income
3.3x

Market Data

Median Home Price$180,000
Median Monthly Rent$770
Property Tax Rate1.38%
Population50,000
Population Growth0.7% / yr
Median Household Income$55,200
Vacancy Rate5.3%
Annual Appreciation2.5%

Cap Rate Calculator — Emporia

Pre-filled with Emporia medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.38% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.15%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$3,878
net operating income
Gross Rent Multiplier
19.5x
High (>15)
1% Rule
0.43%
✗ Fails
Monthly Cash Flow
$323
before debt service
Annual Breakdown
Gross Rental Income$9,240
Less Vacancy−$490
Effective Income$8,750
Less Operating Expenses−$4,872
Net Operating Income$3,878
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Cash-on-Cash Return — Emporia

Factor in financing to see your actual return on invested capital in Emporia.

$
$45,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.31%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$50,400
$45,000 down + $5,400 closing
Monthly Mortgage
$880
on $135K loan
Monthly Cash Flow
$-433
after all expenses
Annual Cash Flow
$-5,197
before taxes
Cash Flow Breakdown
Monthly Rent$770
Less Expenses−$323
Less Mortgage−$880
Monthly Cash Flow$-433

Is Emporia a Good Place to Invest in Rental Property?

Emporia, KS has a population of 50,000 and has been growing at 0.7% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $180,000 paired with median rents of $770/mo produces an estimated cap rate of 2.68%.

Property taxes at 1.38% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.3% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 3.3x, homes cost about 3.3 times the local median income of $55,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Emporia is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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