Real Estate Investing in Cape Girardeau, Missouri (63701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63701 (Cape Girardeau, 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: 13.0% of homes vacant — above national norms.
What’s happening in Cape Girardeau, MO (63701)?
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Market Analysis: 63701 Cape Girardeau
ZIP 63701 in Cape Girardeau, MO carries a impressive set of headwinds. Home values near $244K and rents of $927/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 63701 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 63701's metrics run below Cape Girardeau County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A impressive renter share of 37% in 63701 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 63701 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cape Girardeau:
Property Strategy for 63701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,493 | $1,010 | 4.8% | +6.4% | $75,246 |
| 3BR | $226,077 | $1,400 | 4.5% | +6.6% | $75,359 |
| 4BR | $310,724 | $1,690 | 3.9% | +6.0% | $77,681 |
| 5BR | $466,296 | — | — | +5.7% | $93,259 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 63701 Compare?
| Metric | 63701 | Cape Girardeau | Cape Girardeau, MO-IL | Missouri |
|---|---|---|---|---|
| Home Value | $244,038 | $181,006 | N/A | $254,657 |
| 5-Year CAGR | 4.7% | 5.0% | N/A | 7.0% |
| Avg Rent | $927 | $1,014 | N/A | - |
| Cap Rate | 3.0% | 5.1% | - | - |
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 63701 (Cape Girardeau, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,038 |
| Monthly Rent | $927 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 63701
Population: 38,809
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 63701
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 977 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking work in Cape Girardeau, MO?
The a challenging house-hack environment in Cape Girardeau, MO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strong is the working-renter base in Cape Girardeau, MO?
Cape Girardeau, MO offers a consistent renter base at the $927/mo rent level. Tenant turnover is reasonable for well-managed properties.
What type of investing works in Cape Girardeau, MO?
In Cape Girardeau, MO the significant play is typically careful cash-flow rentals with hands-on management. The combination of $244K prices and $927/mo rents suits that approach.
Does Cape Girardeau, MO favor landlords or tenants?
Cape Girardeau, MO falls under MO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Where do home prices stand in Cape Girardeau, MO?
Typical homes in Cape Girardeau, MO go for around $244K. The 5-year CAGR of 0.0% predictable price movement.
You know 63701 now. You don’t know where it ranks.
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How 63701 ranks in Cape Girardeau, MO-IL
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