Updated 2026 · Based on median market data for Great Bend, KS
The median monthly rent in Great Bend, KS is $810, translating to $9,720 in annual gross rental income per unit. The rent-to-price ratio is 0.68% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Great Bend spend approximately 18% of the local median household income ($55,200) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Great Bend is 5.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.7% annually provides stable demand.
Great Bend's GRM (price divided by annual rent) is 12.3x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $810/mo, a single-family rental in Great Bend generates approximately $9,720 in gross annual income. After accounting for 5.3% vacancy ($515 lost), property taxes of $1,656, insurance (~$480), and maintenance (~$480), the estimated NOI is $6,589 per year, or $549/mo.
Great Bend vs Kansas state average and national average across key investment metrics. Great Bend outperforms both benchmarks on cap rate.