Real Estate Investing in Bonne Terre, Missouri (63628)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63628 (Bonne Terre, 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: 16.8% 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 Bonne Terre, MO (63628)?
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Market Analysis: 63628 Bonne Terre
This part of Saint Francois County is not an easy win. The 63628 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $205K purchase price, 0.0% nominal cap — the work to hit that pro forma in 63628 is substantial and deserves full respect.
Within MO, ZIP 63628 trails on several market indicators that neighboring Saint Francois County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 63628 ZIP's population of 15,864 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at Bonne Terre's stable or hybrid ZIPs before stepping into 63628. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bonne Terre:
Property Strategy for 63628
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $94,897 | $800 | 6.1% | — | $94,897 |
| 2BR | $155,530 | $990 | 4.6% | +9.1% | $77,765 |
| 3BR | $232,377 | $1,270 | 3.9% | +8.9% | $77,459 |
| 4BR | $305,447 | $1,480 | 3.5% | +8.7% | $76,362 |
Market Trends
Home Value History (with trend line)
📊 How Does 63628 Compare?
| Metric | 63628 | Bonne Terre | Farmington, MO | Missouri |
|---|---|---|---|---|
| Home Value | $205,025 | $205,025 | N/A | $254,657 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.0% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 63628 (Bonne Terre, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,025 |
| Monthly Rent | $891 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.4%). 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 63628
Population: 15,864
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 63628
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 585 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Bonne Terre, MO better for rentals, flips, or BRRRR?
Bonne Terre, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($205K prices, $891/mo rents) make it a reasonable choice.
How strong is tenant demand in Bonne Terre, MO?
Bonne Terre, MO draws a stable base of working renters. Demand at the $891/mo rent level is reasonable for standard single-family and small multi rentals.
What is the average monthly rent in Bonne Terre, MO?
Rent in Bonne Terre, MO is around $891/mo. The resulting rent-to-value relationship with $205K pricing is reasonable for most investor models.
Is Bonne Terre, MO a good market for FHA house hackers?
Bonne Terre, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $205K price point reasonable to enter.
What is the rental occupancy rate in Bonne Terre, MO?
Occupancy in Bonne Terre, MO runs even-keeled with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
You know 63628 now. You don’t know where it ranks.
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How 63628 ranks in Farmington, MO
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