Real Estate Investing in Ellington, Missouri (63638)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63638 (Ellington, MO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.4% of homes vacant — above national norms.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellington, MO (63638)?
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Market Analysis: 63638 Ellington
Investors eyeing 63638 need to respect the fundamentals at play. Home values of $157K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $157K asset, 63638 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 63638 offers a low basis, the region around Ellington has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 2,384 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Ellington's stable or hybrid ZIPs before stepping into 63638. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Ellington:
Property Strategy for 63638
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,873 | $890 | 6.9% | — | $46,436 |
| 3BR | $162,109 | $1,070 | 4.8% | — | $54,036 |
Market Trends
Home Value History (with trend line)
📊 How Does 63638 Compare?
| Metric | 63638 | Ellington | Missouri |
|---|---|---|---|
| Home Value | $157,058 | $157,058 | $254,657 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 63638 (Ellington, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,058 |
| Monthly Rent | $801 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | N/A |
| 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 (4.0%). 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 63638
Population: 2,384
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 63638
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
What strategy should investors use in Ellington, MO?
Investors usually favor careful cash-flow rentals with hands-on management in Ellington, MO. With home values at $157K and rents near $801/mo, other strategies can work but produce even-keeled rather than outsized returns.
Are landlord laws favorable in Ellington, MO?
Rental owners in Ellington, MO deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much rent can I charge in Ellington, MO?
Rents in Ellington, MO run near $801/mo. Compared with median home prices of $157K that produces solid gross yields for typical rentals.
Is Ellington, MO suited for a house hack?
For house hackers, Ellington, MO is a challenging. The $801/mo rent on a unit helps defray the mortgage on a $157K property.
Should investors consider Ellington, MO?
The 2.0/5 investability rating in Ellington, MO reflects its $157K prices and $801/mo rents. Investors generally consider it a solid option within MO.
You know 63638 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 63638 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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