Real Estate Investing in Excelsior Springs, Missouri (64024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64024 (Excelsior Springs, 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.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Excelsior Springs, MO (64024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64024 Excelsior Springs
ZIP 64024 inside Clay County looks affordable on the surface — median value of $248K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 64024 can be a an appealing option for hunting ground — but the discount at $248K reflects genuine risk that outside investors often underestimate.
Regionally, 64024 sits on the difficult end of the MO spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 15,587 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Excelsior Springs:
Property Strategy for 64024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,353 | $1,090 | 4.7% | +9.1% | $84,176 |
| 3BR | $241,832 | $1,420 | 4.2% | +8.3% | $80,611 |
| 4BR | $310,960 | $1,690 | 3.9% | +7.0% | $77,740 |
| 5BR | $355,260 | — | — | +7.5% | $71,052 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64024 Compare?
| Metric | 64024 | Excelsior Springs | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $248,193 | $248,193 | N/A | $254,657 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.0% |
| Avg Rent | $1,368 | $1,368 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 64024 (Excelsior Springs, MO). Anonymous, moderated, never written by AI.
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Property managers serving Clay County
Manage rentals here? List your business →Alpine Property Management offers residential property management services in the Kansas City metro area, including Kansas City, Independence, Lees Summit, Blue Springs, Liberty, Gladstone, Overland P summary from their website
Meridian Realty & Property Management has been an innovative leader in the property management industry since 2013, managing 700+ single-family homes, multi-family units, and apartment complexes in Ka summary from their website
Voepel Property Management is now Auben Realty, a full-service real estate investment brokerage based out of Augusta, GA, serving property owners, residents, and investors in the Kansas City area. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $248,193 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (4.3%). 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 64024
Population: 15,587
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 64024
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
Frequently Asked Questions
What is the average monthly rent in Excelsior Springs, MO?
Average rent in Excelsior Springs, MO is approximately $1,368/mo per month. Against $248K home values that yields a reasonable rent-to-price ratio.
What approach is best for Excelsior Springs, MO real estate?
In Excelsior Springs, MO the durable play is typically careful cash-flow rentals with hands-on management. The combination of $248K prices and $1,368/mo rents suits that approach.
What is the average home sale price in Excelsior Springs, MO?
The median home value in Excelsior Springs, MO is roughly $248K. That puts it reasonable relative to the MO statewide average.
How do landlord-tenant laws work in Excelsior Springs, MO?
Excelsior Springs, MO operates under MO law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Does house hacking make sense in Excelsior Springs, MO?
The house hack math a challenging in Excelsior Springs, MO. Owner-occupant buyers benefit from the $1,368/mo rents and $248K home values.
You know 64024 now. You don’t know where it ranks.
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How 64024 ranks in Kansas City, MO-KS
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