Real Estate Investing in Cowgill, Missouri (64637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64637 (Cowgill, MO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.0 — 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 Cowgill, MO (64637)?
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Market Analysis: 64637 Cowgill
Investors eyeing 64637 need to respect the fundamentals at play. Home values of $334K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 64637 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within MO, ZIP 64637 trails on several market indicators that neighboring Ray County submarkets outperform. The gap is real and durable enough to shape underwriting.
On the rental side, 488 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 64637 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 Cowgill:
Market Trends
Home Value History (with trend line)
📊 How Does 64637 Compare?
| Metric | 64637 | Cowgill | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $333,579 | $333,579 | N/A | $254,657 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 7.0% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64637 (Cowgill, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $333,579 |
| Monthly Rent | $927 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +10.6% ▲ |
🏠 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 (2.2%). 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 64637
Population: 488
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 64637
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.
Frequently Asked Questions
What is the typical vacancy rate in Cowgill, MO?
Rental vacancy in Cowgill, MO is elevated. Investors should budget normal turnover but not chronic empty units.
What real estate strategy is ideal for Cowgill, MO?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Cowgill, MO. The numbers - $334K homes against $927/mo rents - support that play.
Where do rents currently stand in Cowgill, MO?
Expect rents around $927/mo per month in Cowgill, MO. With home values at $334K, the yield math works out to reasonable levels for rental investors.
Can owner-occupants cash flow in Cowgill, MO?
The house hack math a challenging in Cowgill, MO. Owner-occupant buyers benefit from the $927/mo rents and $334K home values.
Does Cowgill, MO make sense for an investment property?
Yes - Cowgill, MO a 3.0/5 investability score. With $334K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 64637 now. You don’t know where it ranks.
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How 64637 ranks in Kansas City, MO-KS
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