Real Estate Investing in Saint Joseph, Missouri (64505)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64505 (Saint Joseph, 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: 10.9% vacancy may signal weakening demand.
What’s happening in Saint Joseph, MO (64505)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64505 Saint Joseph
Not every below-median market is a bargain. Saint Joseph's 64505 ZIP reports signals that favor experienced operators who can absorb the risk $226K pricing implies.
Rent of $1,375/mo on a $226K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 64505 sits below the stated 0.0% once reality is priced in.
On balance, 64505 offers a low basis, the region around Saint Joseph has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 64505 ZIP's population of 13,875 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 64505 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Saint Joseph:
Property Strategy for 64505
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,839 | $1,160 | 6.1% | +9.2% | $68,920 |
| 3BR | $258,042 | $1,470 | 4.1% | +7.8% | $86,014 |
| 4BR | $391,799 | $1,690 | 3.1% | +7.0% | $97,950 |
| 5BR | $509,007 | — | — | +6.9% | $101,801 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64505 Compare?
| Metric | 64505 | Saint Joseph | St. Joseph, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $225,519 | $188,194 | N/A | $254,657 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,375 | $1,130 | N/A | - |
| Cap Rate | 4.8% | 4.9% | - | - |
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 64505 (Saint Joseph, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,519 |
| Monthly Rent | $1,375 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.8%). 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 64505
Population: 13,875
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 64505
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 580 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Saint Joseph, MO?
Vacancy risk in Saint Joseph, MO is elevated. That supports measured cash flow for typical rental holds.
How much do tenants pay in Saint Joseph, MO?
Rental rates in Saint Joseph, MO average $1,375/mo. Tenant demand and $226K home values make the yield look reasonable by investor standards.
Are homes affordable in Saint Joseph, MO?
Homes in Saint Joseph, MO typically sell near $226K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Saint Joseph, MO suited for a house hack?
Saint Joseph, MO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,375/mo rent level.
Is Saint Joseph, MO better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Saint Joseph, MO best. The market produces reliable results for that approach at the $226K price point.
You know 64505 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64505 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 64505 ranks in St. Joseph, MO-KS
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