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MarketsKansasPittsburgRental Property Investment Guide

Rental Property Investment Guide: Pittsburg, KS

Updated 2026 · Based on median market data for Pittsburg, KS

Cap Rate
6.04%
Median Price
$130K
Rent/Mo
$940
1% Rule
0.72%
Fails

Market Snapshot

Pittsburg sits in the Midwest with a population of 50,000 growing at 0.7% annually. The median home costs $130,000 while rents average $940/mo, producing an estimated cap rate of 6.04%. This puts Pittsburg in the upper tier of investable US markets.

Who Should Invest Here

Pittsburg is ideal for cash flow investors, BRRRR practitioners, and anyone building a portfolio of affordable, income-producing rentals. The low price point ($130,000) means you can get started with a $26,000 down payment, and the 6.04% cap rate should produce positive cash flow even with conservative financing.

Deal Criteria for Pittsburg

Target properties priced 15-25% below the $130,000 median — around $104,000 or less. At this price point with $940/mo rents, your cap rate improves to roughly 8.1%. Factor in 1.38% property taxes ($1,794/yr), budget 5% of gross rent for maintenance, and underwrite to a 5.3% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $941.

Risks and Considerations

Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Pittsburg property using our cap rate calculator (pre-filled with Pittsburg data). Compare Pittsburg against similar markets in the Midwest region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

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How Pittsburg Compares

Pittsburg vs Kansas state average and national average across key investment metrics. Pittsburg outperforms both benchmarks on cap rate.

Metric
Pittsburg
Kansas Avg
National Avg
Cap Rate
6.04%
3.83%
3.81%
Median Price
$130K
$212K
$333K
Median Rent
$940
$1,076
$1,524
Property Tax
1.38%
1.38%
1.08%
Vacancy
5.3%
5.3%
5.6%
Pop. Growth
0.7%/yr
0.7%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Pittsburg, KS
6.0%
$130K
$940
1.38%
Jacksonville, IL
5.2%
$125K
$890
2.06%
Burlington, IA
4.7%
$140K
$870
1.51%
Decatur, IL
7.7%
$120K
$1,120
2.06%
Great Bend, KS
5.5%
$120K
$810
1.38%

Frequently Asked Questions

Is Pittsburg, KS a good place to invest in rental property?
Pittsburg has an estimated cap rate of 6.04%, which is above the national average of 3.81%. With median home prices at $130K and rents of $940/mo, Pittsburg offers strong cash flow fundamentals for rental investors. Population growth of 0.7% and 5.3% vacancy rate indicate healthy tenant demand.
What is the average cap rate in Pittsburg?
The estimated cap rate for Pittsburg is 6.04%, based on median home prices of $130K, median rents of $940/mo, a 1.38% property tax rate, and 5.3% vacancy. This compares to a 3.83% average across Kansas and 3.81% nationally. Cap rates for individual properties will vary based on purchase price, actual rents, and property condition.
How much does a rental property cost in Pittsburg?
The median home price in Pittsburg is $130,000, which is 61% below the national average of $333,419. A 20% down payment would be approximately $26,000. Investment properties in Pittsburg range significantly — targeting properties 15-25% below median can improve your cap rate substantially.
What are Pittsburg property taxes for investors?
Pittsburg's effective property tax rate is 1.38%, which is above the Kansas average of 1.38% and above the national average of 1.08%. On a $130K property, annual taxes are approximately $1,794 ($150/mo). Property taxes are moderate and manageable.
Full Pittsburg Analysis →Cap Rate CalculatorBRRRR Calculator

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