Real Estate Investing in Lees Summit, Missouri (64063)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64063 (Lees Summit, 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 Lees Summit, MO (64063)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64063 Lees Summit
Put differently, ZIP 64063 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $308K median. It rewards specialists, not generalists.
The investment case in 64063 is resilient only for operators who understand what they are buying. A $308K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 64063 offers a low basis, the region around Lees Summit has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 64063 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 64063 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 Lees Summit:
Property Strategy for 64063
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $214,469 | $1,310 | 4.4% | +8.4% | $107,234 |
| 3BR | $280,601 | $1,710 | 4.4% | +7.5% | $93,534 |
| 4BR | $395,189 | $2,030 | 3.7% | +6.3% | $98,797 |
| 5BR | $484,260 | — | — | +5.6% | $96,852 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64063 Compare?
| Metric | 64063 | Lees Summit | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $307,619 | $338,758 | N/A | $254,657 |
| 5-Year CAGR | 5.5% | 4.7% | N/A | 7.0% |
| Avg Rent | $1,615 | $1,732 | N/A | - |
| Cap Rate | 4.1% | 3.4% | - | - |
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 64063 (Lees Summit, 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 | $307,619 |
| Monthly Rent | $1,615 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 64063
Population: 21,430
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 64063
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
How much rent can I charge in Lees Summit, MO?
Lees Summit, MO rentals go for roughly $1,615/mo a month. That puts gross yield in solid territory relative to $308K acquisition costs.
Is the tenant base reliable in Lees Summit, MO?
Tenant demand in Lees Summit, MO is solid. The local workforce $1,615/mo rents across most rental classes.
Is Lees Summit, MO better for rentals, flips, or BRRRR?
Lees Summit, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($308K prices, $1,615/mo rents) make it a reasonable choice.
Is Lees Summit, MO good for landlords?
For rental operators, Lees Summit, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Lees Summit, MO suited for a house hack?
The a challenging house-hack environment in Lees Summit, MO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 64063 now. You don’t know where it ranks.
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How 64063 ranks in Kansas City, MO-KS
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