Atchison, Kansas: A Hidden Gem in the Midwest

Introduction

Are you on the hunt for a new real estate investment market, one that offers low prices, high demand, and minimal competition? Look no further than Atchison, Kansas. A small town with a rich history and promising investment landscape, Atchison is beckoning investors to explore its potential.

About Atchison

Nestled in northeastern Kansas, Atchison is home to roughly 10,000 residents. Known as the birthplace of Amelia Earhart and host to Benedictine College, this quaint town has more to offer than meets the eye.

Atchison Market Overview

What makes Atchison a unique investment destination? Here's an overview of the market's standout features.

Here's the visual representation of the Atchison Market Overview as of June 2023:

• Median Home Price: At $100,000, the median home price in Atchison is significantly lower than many other markets, presenting an attractive entry point for investors.
• Renter-Occupied Homes (%): With 45.7% of homes being renter-occupied, Atchison offers a strong rental market.
• Cash-on-Cash Return (%): The potential cash-on-cash return of 14.4% showcases the profitability of investment opportunities in Atchison.

Low Home Prices

The affordability of homes in Atchison is compelling. With a median home value of $100,000 as of June 2023, it significantly undercuts the national median of $244,900.

The Median Home Price and Renter-Occupied Homes Percentage between Atchison, Kansas, and the national average:

• Median Home Price: Atchison's affordability is highlighted with a median price significantly lower than the national median.
• Renter-Occupied Homes (%): Atchison's higher percentage of renter-occupied homes compared to the national average signifies strong rental demand.

High Rental Demand

Atchison's rental market is thriving, with 45.7% of homes being renter-occupied. This is higher than the national average, reflecting strong rental demand in Atchison.

Promising Returns

With potential cash-on-cash returns of 14.4%, Atchison presents a profitable opportunity for investors.

Here's the visual representation of the Cash-on-Cash Return Comparison as of June 2023:

• Atchison, Kansas: A 14.4% cash-on-cash return highlights the promising investment potential in Atchison.
• National Average: The assumed national average of 8.0% is considerably lower, emphasizing Atchison's attractiveness for investors seeking higher returns.

Low Competition

Unlike saturated markets, Atchison remains relatively undiscovered by investors. This low competition translates to great deals and more room for negotiation.

How to Succeed in Atchison

Investing in Atchison requires strategic planning. Here's how to navigate success:

• Build Relationships: Connect with local professionals.
• Perform Due Diligence: Investigate all aspects of potential investment properties.
• Explore Creative Financing: Utilize various financing options.
• Learn from Others: Engage with local investment groups or online communities like BiggerPockets.

Conclusion

Atchison, Kansas, is a hidden gem in the Midwest, offering real estate investors a unique blend of affordability, high rental demand, and low competition. With thoughtful planning and execution, you can uncover investment opportunities that align with your goals and leverage the potential of this promising market.