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Cap Rate Analysis: Pittsburg, KS

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

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

Strong investment fundamentals
Based on $130,000 median price and $940/mo median rent
Est. Cap Rate
6.04%
1% Rule
0.72%
Fails
GRM
11.5x
Price / Income
2.4x

Market Data

Median Home Price$130,000
Median Monthly Rent$940
Property Tax Rate1.38%
Population50,000
Population Growth0.7% / yr
Median Household Income$55,200
Vacancy Rate5.3%
Annual Appreciation2.5%

Cap Rate Calculator — Pittsburg

Pre-filled with Pittsburg 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
4.88%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$6,338
net operating income
Gross Rent Multiplier
11.5x
Good (<15)
1% Rule
0.72%
✗ Fails
Monthly Cash Flow
$528
before debt service
Annual Breakdown
Gross Rental Income$11,280
Less Vacancy−$598
Effective Income$10,682
Less Operating Expenses−$4,344
Net Operating Income$6,338
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Cash-on-Cash Return — Pittsburg

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

$
$32,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-2.99%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$36,400
$32,500 down + $3,900 closing
Monthly Mortgage
$636
on $98K loan
Monthly Cash Flow
$-91
after all expenses
Annual Cash Flow
$-1,088
before taxes
Cash Flow Breakdown
Monthly Rent$940
Less Expenses−$395
Less Mortgage−$636
Monthly Cash Flow$-91

Is Pittsburg a Good Place to Invest in Rental Property?

Pittsburg, 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 $130,000 paired with median rents of $940/mo produces an estimated cap rate of 6.04%.

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 2.4x, homes cost about 2.4 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: Pittsburg offers attractive fundamentals for rental investors. and cap rates above 6% put it in the upper tier of investable markets.

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