Real Estate Investing in Rea, Missouri (64480)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64480 (Rea, 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.
- High vacancy: 18.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rea, MO (64480)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64480 Rea
ZIP 64480 in Rea, MO carries a resilient set of headwinds. Home values near $273K and rents of $873/mo sit inside a market where underwriting has to be tight.
The investment case in 64480 is solid only for operators who understand what they are buying. A $273K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Rea have seen price recovery that 64480 has not matched. Andrew County data supports the view that the spread is structural rather than temporary.
Who lives in 64480 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 64480 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 Rea:
Market Trends
Home Value History (with trend line)
📊 How Does 64480 Compare?
| Metric | 64480 | Rea | St. Joseph, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $273,331 | $273,331 | N/A | $254,657 |
| 5-Year CAGR | 9.3% | 9.3% | N/A | 7.0% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 64480 (Rea, MO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 64480 (Rea, MO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $273,331 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 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 (2.5%). 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 64480
Population: 362
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
What is the median home value in Rea, MO?
Typical homes in Rea, MO go for around $273K. The 5-year CAGR of 0.0% consistent price movement.
Is Rea in MO worth investing in?
Investors tracking Rea, MO will find a 3.0/5 rating supported by $273K median home values and $873/mo rents. That profile suits long-term holders targeting steady returns.
How strong is tenant demand in Rea, MO?
Rea, MO draws a predictable base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Is Rea, MO a good market for FHA house hackers?
Rea, MO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
How do landlord-tenant laws work in Rea, MO?
MO ranks as a landlord-friendly state for landlord-tenant law. Rea generally follows the statewide framework, so landlords face reasonable operating rules.
You know 64480 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64480 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 64480 ranks in St. Joseph, MO-KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 64480 (Rea)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 64480 (Rea, MO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.