Real Estate Investing in Altamont, Missouri (64620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64620 (Altamont, MO)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 42.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 37.9 — 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 Altamont, MO (64620)?
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Market Analysis: 64620 Altamont
Looking more closely, ZIP 64620 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $364K median. It rewards specialists, not generalists.
Rent of $801/mo on a $364K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 64620 sits below the stated 0.0% once reality is priced in.
Regionally, 64620 sits on the difficult end of the MO spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 64620 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 64620 is an operator game, not a passive one. Looking more closely, entry prices of $364K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Altamont:
Market Trends
Home Value History (with trend line)
📊 How Does 64620 Compare?
| Metric | 64620 | Altamont | Missouri |
|---|---|---|---|
| Home Value | $363,938 | $363,938 | $254,657 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 1.7% | 1.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64620 (Altamont, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $363,938 |
| Monthly Rent | $801 |
| Price-to-Rent | 37.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (1.7%). 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 64620
Population: 568
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
Frequently Asked Questions
What is the typical rental rate in Altamont, MO?
Expect rents around $801/mo per month in Altamont, MO. With home values at $364K, the yield math works out to reasonable levels for rental investors.
How much should I expect to pay for a home in Altamont, MO?
Altamont, MO median home values land near $364K. That is reasonable territory for investors looking at $801/mo-per-month rentals.
What real estate strategy is ideal for Altamont, MO?
The best-fit strategy in Altamont, MO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Altamont, MO?
Altamont, MO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in Altamont, MO?
Altamont, MO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $801/mo rent level.
You know 64620 now. You don’t know where it ranks.
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