Real Estate Investing in Independence, Missouri (64055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64055 (Independence, 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.
What’s happening in Independence, MO (64055)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64055 Independence
ZIP 64055 inside Jackson County looks affordable on the surface — median value of $231K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 64055 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 64055 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 64055 includes headwinds that any investor should price in. Income distribution skews lower than Independence averages, and tenant stability requires active management.
tilts toward 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 Independence:
Property Strategy for 64055
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $173,710 | $1,230 | 5.1% | +8.0% | $86,855 |
| 3BR | $217,831 | $1,600 | 5.3% | +7.4% | $72,610 |
| 4BR | $285,428 | $1,900 | 4.8% | +6.7% | $71,357 |
| 5BR | $339,779 | — | — | +6.3% | $67,956 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64055 Compare?
| Metric | 64055 | Independence | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $230,587 | $214,492 | N/A | $254,657 |
| 5-Year CAGR | 5.6% | 6.2% | N/A | 7.0% |
| Avg Rent | $1,439 | $1,348 | N/A | - |
| Cap Rate | 4.9% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64055 (Independence, MO). Anonymous, moderated, never written by AI.
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Property managers serving Jackson 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
North Terrace Property Management offers premier Kansas City rentals, including elegant 2-bedroom lofts and spacious 3-bedroom townhomes in Belton, MO, and renovated 1-bedroom apartments in Midtown Ka 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 | $230,587 |
| Monthly Rent | $1,439 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 64055
Population: 36,092
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 64055
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 monthly rent should investors expect in Independence, MO?
Rent in Independence, MO is around $1,439/mo. The resulting rent-to-value relationship with $231K pricing is reasonable for most investor models.
Is Independence, MO suited for a house hack?
Independence, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $231K price point reasonable to enter.
Is Independence, MO a good place for real estate investing?
Independence, MO rates 3.0/5 for investability. With median values at $231K and rents near $1,439/mo, the market offers reasonable fundamentals for rental investors.
Is housing expensive in Independence, MO?
In Independence, MO the median home value sits at $231K. Against the broader MO market, that reads as reasonable for most investors.
What is the rental occupancy rate in Independence, MO?
Vacancy risk in Independence, MO is elevated. That supports reliable cash flow for typical rental holds.
You know 64055 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64055 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.
How 64055 ranks in Kansas City, MO-KS
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