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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +1.0% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +28.6% YoY, is the number to watch.
The median listing price is up 1.0% YoY while the median home got up 2.8% bigger, so value per square foot is up 3.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $390K purchase rents for $1,025/mo: 0.26% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 24 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 65109 itself, not its parent county.
Renters hold 33.3% of this ZIP's 17,306 occupied households, on a median household income of $75K.
| Measure | ZIP 65109 | Cole County | Difference |
|---|---|---|---|
| Median Household Income | $75K | $75K | -$182 |
| Below Poverty Level | 8.5% | 9.0% | -0.5% |
| Median Age | 40.60 | 39.90 | +0.70 |
| Total Population | 41,145 | 77,032 | -- |
| Avg Household Size | 2.35 | 2.35 | 0.00 |
| Owner-Occupied | 66.7% | 67.9% | -1.2% |
| Worked From Home | 10.1% | 9.2% | +0.9% |
| Mean Commute | 15.90 | 17.90 | -2.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.1% to 77,032: residents under 18 are down 0.5% and those 65 and over are up 2.9%.
County median household income is $75K, 9.0% of residents are below the poverty level, 9.2% work from home.