Real Estate Investing in Palmyra, Missouri (63461)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63461 (Palmyra, 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: 12.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palmyra, MO (63461)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 63461 Palmyra
The 63461 ZIP in Palmyra, MO is a local-operator market. Outside capital chasing a $245K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $245K purchase price, 0.0% nominal cap — the work to hit that pro forma in 63461 is substantial and deserves full respect.
Nearby ZIPs in Palmyra have seen price recovery that 63461 has not matched. Marion County data supports the view that the spread is structural rather than temporary.
Employment concentration in 63461 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 63461 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Palmyra:
Property Strategy for 63461
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $178,848 | $910 | 3.7% | +9.1% | $89,424 |
| 3BR | $242,022 | $1,200 | 3.6% | +8.2% | $80,674 |
| 4BR | $308,736 | $1,280 | 3.0% | +8.9% | $77,184 |
Market Trends
Home Value History (with trend line)
📊 How Does 63461 Compare?
| Metric | 63461 | Palmyra | Hannibal, MO | Missouri |
|---|---|---|---|---|
| Home Value | $244,636 | $244,636 | N/A | $254,657 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.0% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 63461 (Palmyra, MO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 63461 (Palmyra, MO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $244,636 |
| Monthly Rent | $819 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.6%). 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 63461
Population: 5,355
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 63461
Schools in This ZIP Code
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
Investor Insight: With 837 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Palmyra, MO?
Palmyra, MO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in Palmyra, MO?
Expect median prices around $245K in Palmyra, MO. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How do experienced investors play Palmyra, MO?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Palmyra, MO. The numbers - $245K homes against $819/mo rents - support that play.
Is house hacking profitable in Palmyra, MO?
House hacking in Palmyra, MO is reasonable to execute. Prices around $245K and rents of $819/mo solid owner-occupant economics.
Is Palmyra, MO a smart market for rental property?
The 3.0/5 investability rating in Palmyra, MO reflects its $245K prices and $819/mo rents. Investors generally consider it a solid option within MO.
You know 63461 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 63461 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 63461 ranks in Hannibal, MO
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 63461 (Palmyra)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 63461 (Palmyra, MO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.