Real Estate Investing in Gilman City, Missouri (64642)
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Should you buy in 64642 (Gilman City, MO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.1% of homes vacant — above national norms.
• 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 Gilman City, MO (64642)?
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Market Analysis: 64642 Gilman City
The 64642 ZIP in Gilman City, MO is a local-operator market. Outside capital chasing a $121K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 64642 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 64642 and stronger Gilman City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 64642 ZIP's population of 694 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 64642 is an operator game, not a passive one. From a cash-flow lens, entry prices of $121K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gilman City:
Market Trends
Home Value History (with trend line)
📊 How Does 64642 Compare?
| Metric | 64642 | Gilman City | Missouri |
|---|---|---|---|
| Home Value | $121,261 | $121,261 | $254,657 |
| 5-Year CAGR | 3.9% | 3.9% | 7.0% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64642 (Gilman City, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,261 |
| Monthly Rent | $810 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +13.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (5.2%). 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 64642
Population: 694
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 64642
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
Frequently Asked Questions
How high is vacancy risk in Gilman City, MO?
Occupancy in Gilman City, MO runs steady with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
How strict are landlord regulations in Gilman City, MO?
MO ranks as a landlord-friendly state for landlord-tenant law. Gilman City generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical home price in Gilman City, MO?
Gilman City, MO median home values land near $121K. That is reasonable territory for investors looking at $810/mo-per-month rentals.
What type of investing works in Gilman City, MO?
For Gilman City, MO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is it easy to find good tenants in Gilman City, MO?
Gilman City, MO draws a measured base of working renters. Demand at the $810/mo rent level is reasonable for standard single-family and small multi rentals.
You know 64642 now. You don’t know where it ranks.
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