Real Estate Investing in Independence, Missouri (64058)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64058 (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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
What’s happening in Independence, MO (64058)?
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Market Analysis: 64058 Independence
This part of Jackson County is not an easy win. The 64058 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 64058 can be a a strong candidate for hunting ground — but the discount at $259K reflects genuine risk that outside investors often underestimate.
Within MO, ZIP 64058 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
A robust renter share of 20% in 64058 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Independence's stable or hybrid ZIPs before stepping into 64058. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Independence:
Property Strategy for 64058
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $191,116 | $1,290 | 4.9% | +8.7% | $95,558 |
| 3BR | $238,281 | $1,680 | 5.1% | +7.7% | $79,427 |
| 4BR | $314,992 | $2,000 | 4.6% | +6.3% | $78,748 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64058 Compare?
| Metric | 64058 | Independence | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $259,077 | $214,492 | N/A | $254,657 |
| 5-Year CAGR | 5.7% | 6.2% | N/A | 7.0% |
| Avg Rent | $1,395 | $1,348 | N/A | - |
| Cap Rate | 4.2% | 5.1% | - | - |
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 64058 (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 | $259,077 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (6.8%) exceeds the estimated cap rate (4.2%). 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 64058
Population: 6,610
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Independence, MO a smart market for rental property?
With a 3.0/5 investability score, Independence, MO ranks as a solid market for rental property investors. Median prices of $259K and rents of $1,395/mo drive the underlying numbers.
What kind of vacancy should I budget for in Independence, MO?
Occupancy in Independence, MO runs steady with elevated vacancy. Well-priced units at $1,395/mo lease on reasonable timelines.
How strong is the working-renter base in Independence, MO?
The renter base in Independence, MO is reasonable for the $1,395/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Independence, MO landlord-friendly?
MO law landlord-friendly for landlords, and Independence inherits those rules. Investors should still review local ordinances for rental licensing.
How should investors approach Independence, MO?
In Independence, MO the notable play is typically careful cash-flow rentals with hands-on management. The combination of $259K prices and $1,395/mo rents suits that approach.
You know 64058 now. You don’t know where it ranks.
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How 64058 ranks in Kansas City, MO-KS
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