Grant (KS) Investor Pulse Report (2026-Q1)

Real estate investors hold a significant footprint in Grant County, owning 443 single-family residential properties, which constitutes exactly 25.0% of the county's total SFR housing stock of 1,769 homes.

The market is overwhelmingly dominated by small, individual owners rather than corporations. Individual landlords own 373 properties, making up 84.2% of the investor portfolio, compared to just 71 properties (16.0%) owned by companies.

This individual dominance is also reflected in the entity count, where 408 of the 451 total landlords (90.5%) are individuals, reinforcing the 'mom-and-pop' character of the local rental market.

A unique characteristic of Grant County's investor market is its complete lack of leverage. All 443 investor-owned properties are owned outright with cash, as there are zero financed properties in the portfolio. This suggests a fiscally conservative or debt-averse investor base.

The portfolio is heavily focused on rental income, with 431 of the 443 properties (97.3%) identified as rented, confirming the primary strategy of local landlords is providing long-term housing rather than short-term flips.

No acquisition pricing data for landlords or traditional homeowners is available for Grant County in the recent quarter. This prevents any analysis of price comparisons or potential discounts investors may have received.

Due to the lack of transaction data, it is not possible to determine pricing trends over time, such as price appreciation from previous quarters or the 2020-2023 period.

Without sales records, a comparison between prices paid by individual versus company landlords cannot be conducted.

The absence of pricing information corresponds with the lack of sales activity, indicating a market that was effectively frozen during the analysis period.

Further market reports would be needed to track when pricing activity resumes in this area.

The investor acquisition market in Grant County was completely dormant in Q4 2025, with landlords purchasing zero of the zero total SFRs sold. This indicates a total pause in market activity from all buyer types.

No new landlords entered the market, as the single-property (Tier 01) cohort recorded zero new purchases.

Activity was nonexistent across all investor sizes. Mom-and-pop landlords (Tiers 01-04) and any mid-size investors made zero acquisitions during the quarter.

Institutional investors (Tier 09) also made no purchases, which is consistent with their complete absence from the county's overall ownership portfolio.

The lack of purchasing activity suggests the market has reached a point of stability or stagnation, with current owners holding their assets and no new investors entering.

The Grant County investor landscape is defined by small-scale owners. 'Mom-and-pop' landlords, who own between 1 and 10 properties, collectively control 92.4% of all investor-held SFRs.

First-time or single-property landlords are the bedrock of the market, owning 278 properties. This represents 60.2% of the total investor-owned housing stock, highlighting the market's reliance on small, local capital.

In stark contrast to national headlines, there is zero institutional ownership in Grant County. The largest investors fall into the 'small-medium' 21-50 property tier, which holds only 34 properties (7.4% of the portfolio).

The ownership structure is highly concentrated at the smallest end of the scale, with Tiers 01-04 (1-10 properties) accounting for 427 of the 443 total properties.

Due to a lack of recent transactions, no pricing analysis by tier is possible, so it cannot be determined if larger portfolios were acquired at different price points than smaller ones.

Individual investors form the foundation of ownership across all portfolio sizes in Grant County. They represent the majority owner in every tier, from single-property landlords (90.0% individual) to the 21-50 property tier (73.5% individual).

Unlike larger urban markets, there is no crossover point where companies become the majority owners. In fact, individual ownership is absolute in the 6-10 and 11-20 property tiers, where they own 100% of the properties.

The largest concentration of company-owned properties is in the 3-5 property tier, where they own 33 homes, but this still only represents 40.7% of that tier's total.

This data confirms that the path to scaling a rental portfolio in Grant County is dominated by private individuals, not corporate entities.

Because no recent transactions were recorded, it is impossible to compare acquisition prices between individual and company buyers within any tier.

Investor activity in Grant County is geographically concentrated entirely within one area. The 67880 zip code contains 100% of the 443 investor-owned SFR properties identified in the county.

Within this zip code, investors have a significant market penetration, owning 25.0% of the total 1,769 SFR properties available.

There are no other zip codes in Grant County with recorded investor SFR ownership, making the 67880 area the sole focus for real estate investing activity.

This high concentration in a single postal code indicates a localized rental market, likely centered around a specific town or economic hub within Grant County.

The data shows 451 landlord entities operating within this single zip code, underscoring the local and granular nature of the rental market.

A complete set of historical transaction data is unavailable for Grant County, which prevents a long-term analysis of landlord buying and selling behavior.

It is not possible to calculate an all-time buy/sell ratio, so the net position of landlords as either accumulators or disposers of property cannot be determined.

Analysis of inter-landlord transactions, or the percentage of properties bought from or sold to other investors, cannot be performed due to the missing data.

Similarly, a comparison of average buy prices versus sell prices over time to infer potential profit margins is not feasible.

The lack of historical data, combined with zero recent activity, paints a picture of a highly stable, low-turnover rental market.

The transaction market in Grant County was entirely inactive in Q4 2025, with zero recorded sales. This resulted in landlords having a 0.0% share of market transactions.

Transaction volume was zero across all investor tiers, from single-property owners to the largest landlords in the county.

No inter-landlord trading occurred, as the number of properties bought from other landlords was zero for all tiers.

Average purchase prices were consequently $0 for every investor tier, reflecting the complete absence of sales.

This lack of transactional activity contrasts with the significant 25.0% ownership stake investors hold, suggesting that while the portfolio is large, it is not currently growing or turning over.