Real Estate Investing in Millersville, Missouri (63766)
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Should you buy in 63766 (Millersville, MO)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millersville, MO (63766)?
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Market Analysis: 63766 Millersville
Not every below-median market is a bargain. Millersville's 63766 ZIP clocks in at signals that favor experienced operators who can absorb the risk $256K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 63766 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 63766 sits on the difficult end of the MO spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 63766 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 63766 is an operator game, not a passive one. Put differently, entry prices of $256K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Millersville:
Market Trends
Home Value History (with trend line)
📊 How Does 63766 Compare?
| Metric | 63766 | Millersville | Cape Girardeau, MO-IL | Missouri |
|---|---|---|---|---|
| Home Value | $255,526 | $255,526 | N/A | $254,657 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.0% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 63766 (Millersville, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,526 |
| Monthly Rent | $864 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 63766
Population: 1,830
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 63766
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 real estate strategy is ideal for Millersville, MO?
Millersville, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($256K prices, $864/mo rents) make it a reasonable choice.
How strict are landlord regulations in Millersville, MO?
Rental owners in Millersville, MO deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What price range are homes in Millersville, MO?
Median home price in Millersville, MO is near $256K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Is Millersville, MO a good place for real estate investing?
Yes - Millersville, MO a 3.0/5 investability score. With $256K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the tenant pool like in Millersville, MO?
Expect a solid tenant pool in Millersville, MO. The rental market absorbs $864/mo rents without meaningful friction.
You know 63766 now. You don’t know where it ranks.
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How 63766 ranks in Cape Girardeau, MO-IL
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