Real Estate Investing in Gray Summit, Missouri (63039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63039 (Gray Summit, MO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.3% of homes vacant — above national norms.
- Elevated poverty: 20.9% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gray Summit, MO (63039)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 63039 Gray Summit
Investors eyeing 63039 need to respect the fundamentals at play. Home values of $231K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $231K asset, 63039 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 63039's metrics run below Franklin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 63039 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 63039 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Gray Summit:
Market Trends
Home Value History (with trend line)
📊 How Does 63039 Compare?
| Metric | 63039 | Gray Summit | St. Louis, MO-IL | Missouri |
|---|---|---|---|---|
| Home Value | $230,624 | $230,624 | N/A | $254,657 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.0% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 63039 (Gray Summit, MO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 63039 (Gray Summit, MO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $230,624 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 63039
Population: 977
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 63039
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Labadie Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are there empty rentals in Gray Summit, MO?
Vacancy in Gray Summit, MO is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,044/mo.
Is Gray Summit, MO a good market for FHA house hackers?
Gray Summit, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $231K price point reasonable to enter.
Should investors consider Gray Summit, MO?
The 3.0/5 investability rating in Gray Summit, MO reflects its $231K prices and $1,044/mo rents. Investors generally consider it a solid option within MO.
How much does a house cost in Gray Summit, MO?
In Gray Summit, MO the median home value sits at $231K. Against the broader MO market, that reads as reasonable for most investors.
What is the best play in Gray Summit, MO?
For Gray Summit, MO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 63039 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 63039 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 63039 ranks in St. Louis, MO-IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 63039 (Gray Summit)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 63039 (Gray Summit, MO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.