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

Investors hold a significant footprint in Hodgeman County, owning 238 single-family residential properties, which constitutes 51.0% of the total 467 SFRs in the market.

The ownership landscape is overwhelmingly controlled by individual investors rather than corporations. Individuals own 211 properties, making up 88.7% of the investor portfolio, while companies own the remaining 27 properties (11.3%).

A similar pattern exists among landlord entities, with 271 individual landlords compared to just 23 company landlords, reinforcing the market's small-investor character.

Financially, the market is highly unusual, as 100% of the 238 investor-owned properties are held in cash, with zero properties recorded as being financed. This suggests a market of debt-free, long-term holders.

The portfolio is heavily geared towards rental use, with 235 properties classified as rented. This high rental concentration confirms the primary strategy of investors in the area is generating rental income.

A lack of recent acquisition activity in Hodgeman County prevents any meaningful analysis of investor purchasing prices. No properties were recorded as purchased by landlords in Q1 2026, Q4 2025, or the period from 2020-2023.

Consequently, it is not possible to compare landlord acquisition prices against those of traditional homeowners. The data shows no recent transactions from either group to establish a benchmark.

This absence of sales data is itself a key insight, suggesting a highly stable and illiquid market where properties rarely change hands. Investors appear to be engaged in a long-term hold strategy rather than active trading.

Without transaction data, trends in the price gap between landlords and homeowners cannot be assessed. The market has remained static, with no price appreciation or depreciation data available for recent periods.

The fourth quarter of 2025 was marked by a complete absence of market activity in Hodgeman County. A total of 0 SFR properties were purchased, resulting in landlords having a 0.0% market share.

This lack of activity was uniform across all buyer types, with non-landlord purchases also at zero. This suggests a market-wide pause in transactions rather than a specific withdrawal by investors.

Consequently, there was no new market entry from first-time landlords, with zero properties purchased by investors in the single-property tier.

All investor tiers, including mom-and-pop (Tiers 01-04) and institutional (Tier 09), recorded zero purchases, reflecting the universal stagnation in the local housing market for the quarter.

The investor landscape in Hodgeman County is exclusively composed of small-scale landlords. Mom-and-pop investors, defined as those owning 1-10 properties, control 100% of the 238 investor-owned homes.

First-time or single-property investors (Tier 01) represent the largest segment by a wide margin, owning 188 properties. This accounts for 76.7% of all investor-held SFRs in the county.

Other small landlord tiers also contribute to the market, with two-property investors holding 25 homes (10.2%), those with 3-5 homes owning 29 properties (11.8%), and the 6-10 property tier holding 3 properties (1.2%).

There is a complete absence of larger investors. Mid-size landlords (11-1000 properties) and institutional investors (1000+ properties) have zero presence in this market.

Due to the lack of recent sales, no pricing data by tier is available, making it impossible to analyze if purchasing strategies differ between the various small-landlord segments.

Individual investors maintain majority ownership across all existing portfolio tiers in Hodgeman County. This demonstrates that even as landlords expand, they tend to remain as individual operators rather than incorporating.

In the single-property tier, individuals own 172 of the 188 properties, a 91.5% share. This dominance continues in the two-property tier (80.0% individual ownership) and the 3-5 property tier (89.7% individual ownership).

The data clearly shows there is no crossover point where companies become the majority owners. The small corporate presence is distributed across the smallest tiers, with companies owning just 16 single-property rentals and 5 two-property rentals.

The complete lack of recent transaction data for both individuals and companies makes it impossible to compare their acquisition prices or purchasing strategies.

The vast majority of investor-owned properties in Hodgeman County are located in a single zip code: 67854, which contains 182 investor-held SFRs.

This same zip code, 67854, also features a high investor ownership rate of 52.8%, indicating that over half the single-family homes in the area are rentals.

Another key area of concentration is zip code 67849, where investors own 52 properties, representing a 44.8% ownership rate.

While two smaller zip codes, 67547 and 67523, technically have the highest investor ownership rate at 100%, their total property counts are minimal at just 2 and 1 properties, respectively. This highlights how a few rental properties can dominate the housing stock in very small communities.

The data shows a clear pattern where the areas with the highest count of investor properties also tend to have the highest rates of investor penetration, unlike in more diverse markets.

The historical transaction log for Hodgeman County contains no data, indicating an extended period of market inactivity or a lack of recorded data. This prevents any analysis of long-term investor behavior.

Without buy and sell transaction counts, a buy/sell ratio cannot be calculated. It is therefore impossible to determine whether landlords have been net accumulators or net sellers of property over time.

Similarly, the data does not allow for an analysis of inter-landlord activity. The percentage of transactions that occur between investors, a key measure of market liquidity, cannot be determined.

This lack of historical data reinforces the picture of a stable, buy-and-hold market where assets are rarely traded. Investors who own property in this county appear to hold it for the long term, likely for rental income rather than capital appreciation through flipping.

The first quarter of 2026 mirrored the previous quarter's inactivity, with zero SFR transactions recorded in Hodgeman County. Consequently, the landlord share of transactions was 0.0%.

This market-wide freeze in activity means no transaction volume can be attributed to any specific investor tier. Both mom-and-pop (Tiers 01-04) and institutional investors (Tier 09) were completely inactive.

The absence of sales prevents any analysis of average purchase prices by tier. There is no data to indicate whether smaller or larger landlords might pay more or less for properties in this market.

Furthermore, with no buy-side activity, it's impossible to assess inter-landlord trading. The percentage of properties bought from other landlords remains at zero, underscoring the lack of market churn.