Real Estate Investing in Concordia, Missouri (64020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64020 (Concordia, 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: 20.7% 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 Concordia, MO (64020)?
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Market Analysis: 64020 Concordia
This part of Lafayette is not an easy win. The 64020 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
In practical terms, the numbers look inviting — $238K purchase price, 0.0% nominal cap — the work to hit that pro forma in 64020 is substantial and deserves full respect.
Regionally, 64020 sits on the difficult end of the MO spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The 64020 ZIP's population of 2,928 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 64020 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 Concordia:
Property Strategy for 64020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,121 | $1,030 | 4.6% | +9.7% | $81,060 |
| 3BR | $226,021 | $1,350 | 4.3% | +8.6% | $75,340 |
| 4BR | $245,757 | $1,570 | 4.6% | +8.4% | $61,439 |
Market Trends
Home Value History (with trend line)
📊 How Does 64020 Compare?
| Metric | 64020 | Concordia | Missouri |
|---|---|---|---|
| Home Value | $238,215 | $238,215 | $254,657 |
| 5-Year CAGR | 6.8% | 6.8% | 7.0% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 64020 (Concordia, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,215 |
| Monthly Rent | $927 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.0%). 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 64020
Population: 2,928
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 64020
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 kind of market is Concordia, MO for investors?
Our data puts Concordia, MO at 3.0/5 for investability. Home prices of $238K and rents around $927/mo create a solid backdrop for investor activity.
What real estate strategy is ideal for Concordia, MO?
For Concordia, MO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How viable is house hacking in Concordia, MO?
House hacking in Concordia, MO is a challenging. With home values around $238K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
What are home prices like in Concordia, MO?
Median home price in Concordia, MO is near $238K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Do landlords face vacancy issues in Concordia, MO?
Expect elevated vacancy in Concordia, MO. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
You know 64020 now. You don’t know where it ranks.
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