Real Estate Investing in Lees Summit, Missouri (64064)
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Should you buy in 64064 (Lees Summit, MO)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 (64064)?
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Market Analysis: 64064 Lees Summit
Not every below-median market is a bargain. Lees Summit's 64064 ZIP comes in at signals that favor experienced operators who can absorb the risk $443K pricing implies.
Rent of $1,723/mo on a $443K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 64064 sits below the stated 0.0% once reality is priced in.
Within MO, ZIP 64064 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and robust enough to shape underwriting.
A significant renter share of 19% in 64064 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 64064 is an operator game, not a passive one. On balance, entry prices of $443K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lees Summit:
Property Strategy for 64064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $225,320 | $1,550 | 5.0% | +7.4% | $112,660 |
| 3BR | $356,441 | $2,020 | 4.1% | +6.3% | $118,814 |
| 4BR | $498,210 | $2,400 | 3.5% | +6.5% | $124,553 |
| 5BR | $616,333 | — | — | +6.2% | $123,267 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64064 Compare?
| Metric | 64064 | Lees Summit | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $443,021 | $338,758 | N/A | $254,657 |
| 5-Year CAGR | 4.5% | 4.7% | N/A | 7.0% |
| Avg Rent | $1,723 | $1,732 | N/A | - |
| Cap Rate | 3.0% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64064 (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 | $443,021 |
| Monthly Rent | $1,723 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.7% ▲ |
| 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 64064
Population: 19,955
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 64064
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
Investor Insight: With 1,909 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Lees Summit, MO real estate?
The best-fit strategy in Lees Summit, MO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How tight is the rental market in Lees Summit, MO?
Vacancy risk in Lees Summit, MO is elevated. That supports even-keeled cash flow for typical rental holds.
How do home values compare in Lees Summit, MO?
In Lees Summit, MO the median home value sits at $443K. Against the broader MO market, that reads as reasonable for most investors.
Does house hacking make sense in Lees Summit, MO?
House hacking in Lees Summit, MO is reasonable to execute. Prices around $443K and rents of $1,723/mo solid owner-occupant economics.
Are renters plentiful in Lees Summit, MO?
Working renters make up the core of the Lees Summit, MO tenant base. The pool is reasonable for investors targeting long-term holds.
You know 64064 now. You don’t know where it ranks.
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How 64064 ranks in Kansas City, MO-KS
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