Real Estate Investing in Belleview, Missouri (63623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63623 (Belleview, MO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.1% of homes vacant — above national norms.
- Elevated poverty: 27.7% 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 Belleview, MO (63623)?
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Market Analysis: 63623 Belleview
Not every below-median market is a bargain. Belleview's 63623 ZIP posts signals that favor experienced operators who can absorb the risk $204K pricing implies.
In practical terms, the numbers look inviting — $204K purchase price, 0.0% nominal cap — the work to hit that pro forma in 63623 is substantial and deserves full respect.
Statewide comparisons place 63623 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 63623 ZIP's population of 795 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 63623 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 Belleview:
Property Strategy for 63623
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,270 | $950 | 5.6% | +9.5% | $60,635 |
| 3BR | $206,679 | $1,160 | 4.0% | +9.0% | $68,893 |
Market Trends
Home Value History (with trend line)
📊 How Does 63623 Compare?
| Metric | 63623 | Belleview | Missouri |
|---|---|---|---|
| Home Value | $204,292 | $204,292 | $254,657 |
| 5-Year CAGR | 6.5% | 6.5% | 7.0% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 63623 (Belleview, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,292 |
| Monthly Rent | $855 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +15.3% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.3%). 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 63623
Population: 795
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 63623
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.
Frequently Asked Questions
How much is rent in Belleview, MO?
Rents in Belleview, MO run near $855/mo. Compared with median home prices of $204K that produces solid gross yields for typical rentals.
How strict are landlord regulations in Belleview, MO?
Belleview, MO operates under MO law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What is the smart move for investors in Belleview, MO?
In Belleview, MO the solid play is typically careful cash-flow rentals with hands-on management. The combination of $204K prices and $855/mo rents suits that approach.
What is the rental occupancy rate in Belleview, MO?
Belleview, MO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How deep is the rental pool in Belleview, MO?
Expect a solid tenant pool in Belleview, MO. The rental market absorbs $855/mo rents without meaningful friction.
You know 63623 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 63623 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.
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