Real Estate Investing in Odessa, Missouri (64076)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64076 (Odessa, MO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.5 — hard to cash-flow at these prices.
What’s happening in Odessa, MO (64076)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64076 Odessa
Not every below-median market is a bargain. Odessa's 64076 ZIP registers signals that favor experienced operators who can absorb the risk $283K pricing implies.
From an investor standpoint, the numbers look inviting — $283K purchase price, 0.0% nominal cap — the work to hit that pro forma in 64076 is substantial and deserves full respect.
ZIP 64076's metrics run below Lafayette County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 64076 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 64076 is an operator game, not a passive one. On balance, entry prices of $283K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Odessa:
Property Strategy for 64076
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,854 | $1,070 | 4.0% | +9.5% | $96,427 |
| 3BR | $266,997 | $1,400 | 3.8% | +8.6% | $88,999 |
| 4BR | $339,091 | $1,670 | 3.5% | +8.0% | $84,773 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64076 Compare?
| Metric | 64076 | Odessa | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $282,538 | $282,538 | N/A | $254,657 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.0% |
| Avg Rent | $825 | $825 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 64076 (Odessa, MO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 64076 (Odessa, MO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $282,538 |
| Monthly Rent | $825 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.3%). 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 64076
Population: 9,236
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 64076
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 best play in Odessa, MO?
Odessa, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($283K prices, $825/mo rents) make it a reasonable choice.
What is the typical home price in Odessa, MO?
Homes in Odessa, MO typically sell near $283K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is Odessa, MO a good place for real estate investing?
Odessa, MO clocks in at an investability rating of 3.0/5, with median home values near $283K and average rents around $825/mo. That combination puts it in the impressive tier for investor interest.
What is the typical vacancy rate in Odessa, MO?
Occupancy in Odessa, MO runs steady with elevated vacancy. Well-priced units at $825/mo lease on reasonable timelines.
Is the tenant base reliable in Odessa, MO?
The renter base in Odessa, MO is reasonable for the $825/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 64076 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64076 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 64076 ranks in Kansas City, MO-KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 64076 (Odessa)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 64076 (Odessa, MO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.