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406 W 3rd St, Hays, KS, 67601

5beds
2baths
1,982sqft
$150,000
$76price/sqft
$1,214/moest. monthly cost
$48,560/yrincome needed

About This Home

This 5~bedroom, 2~bath property is located just steps from Lewis Field Stadium and within walking distance of Fort Hays State University, making it an attractive option for student or long~term rental housing. Offering strong rental appeal and excellent income potential, this property looks good in person—but it looks even better on paper. Whether you`re adding to your portfolio or purchasing your first investment property, this is an opportunity worth exploring. Contact A.J. Preisner with Platinum Group at 785~259~5242 for more information or to schedule a showing...

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

6/10
Felten Middle SchoolGrades 6-81.7 mi
8/10
Hays High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1942

Materials

  • Roof: Composition
  • Construction materials: Frame,Aluminum/Steel/Vinyl

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Residential

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Features

  • Basement

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,982
  • Total interior livable area: 1,982 sqft

Property

Details

  • Parcel number: 1830501007002000
  • Zoning: NC.3 / R-3

Lot

  • Lot size: 6,098 sqft
  • Features: Sprinkler System
  • Lot size dimensions: -

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Ice Storm
    Ice StormVery High
  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hail
Ice Storm
Lightning
Strong Wind
Tornado
Winter Weather
Cold Wave
Inland Flooding

FEMA Declared Disasters Across Kansas Counties

Fire
Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $758$9,096
Home Insurance *$155$1,860
Property Taxes $140$1,680
Electricity $161$1,935
Total$1,214$14,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$41,622/yr
40% on housing$36,420/yr
45% on housing$32,373/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$76This listing

vs Other Active Listings

Avg $/sqft

ZIP 67601$141
Ellis County$126

vs Homes Sold Last Month

Median $/sqft

ZIP 67601$126
Ellis County$122

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-07Price change$150,000
2026-06-03Listed for sale$152,500
2025-11-17Listing removed$150,000
2025-07-30Price change$150,000
2025-06-05Price change$154,500
2025-05-16Listed for sale$159,500

For Sale by Agent

AgentAnthony Preisner
BrokeragePlatinum Group

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