Real Estate Investing in Saint Joseph, Missouri (64507)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64507 (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: 11.5% vacancy may signal weakening demand.
What’s happening in Saint Joseph, MO (64507)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64507 Saint Joseph
ZIP 64507 inside Buchanan County looks affordable on the surface — median value of $171K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 64507 can be a worth a close look for hunting ground — but the discount at $171K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 64507 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 64507 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Joseph:
Property Strategy for 64507
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,264 | $1,110 | 6.3% | +10.0% | $63,632 |
| 3BR | $175,109 | $1,400 | 5.8% | +8.0% | $58,370 |
| 4BR | $233,876 | $1,610 | 5.0% | +7.2% | $58,469 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 64507 Compare?
| Metric | 64507 | Saint Joseph | St. Joseph, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $171,448 | $188,194 | N/A | $254,657 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,250 | $1,130 | N/A | - |
| Cap Rate | 5.7% | 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 64507 (Saint Joseph, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,448 |
| Monthly Rent | $1,250 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (5.7%). 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 64507
Population: 14,159
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 64507
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 average home sale price in Saint Joseph, MO?
Median home price in Saint Joseph, MO is near $171K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is Saint Joseph, MO good for landlords?
Landlord-friendliness in Saint Joseph, MO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking work in Saint Joseph, MO?
House hacking in Saint Joseph, MO is a challenging. With home values around $171K and rents at $1,250/mo, owner-occupants can offset a meaningful share of PITI.
Is real estate in Saint Joseph, MO a good investment right now?
Saint Joseph, MO records an investability rating of 3.0/5, with median home values near $171K and average rents around $1,250/mo. That combination puts it in the notable tier for investor interest.
How deep is the rental pool in Saint Joseph, MO?
Tenant quality in Saint Joseph, MO ranks as solid. Landlords generally report steady occupancy at market rents of $1,250/mo.
You know 64507 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64507 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 64507 ranks in St. Joseph, MO-KS
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