Real Estate Investing in Laclede, Missouri (64651)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64651 (Laclede, MO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.2% 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 Laclede, MO (64651)?
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Market Analysis: 64651 Laclede
In practical terms, ZIP 64651 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $192K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 64651 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 64651 and stronger Laclede ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A significant renter share of 27% in 64651 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 64651 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Laclede:
Market Trends
Home Value History (with trend line)
📊 How Does 64651 Compare?
| Metric | 64651 | Laclede | Missouri |
|---|---|---|---|
| Home Value | $191,557 | $191,557 | $254,657 |
| 5-Year CAGR | 10.4% | 10.4% | 7.0% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64651 (Laclede, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,557 |
| Monthly Rent | $981 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 14.4% |
📈 Home Appreciation
| 1-Year | +16.9% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +10.4% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (4.0%). 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 64651
Population: 419
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
How much should I expect to pay for a home in Laclede, MO?
Typical homes in Laclede, MO go for around $192K. The 5-year CAGR of 0.0% measured price movement.
Is rental property easy to operate in Laclede, MO?
Landlord-friendliness in Laclede, MO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of tenants rent in Laclede, MO?
Laclede, MO offers a stable renter base at the $981/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Laclede, MO for real estate investors?
Laclede, MO rates 3.0/5 for investability. With median values at $192K and rents near $981/mo, the market offers reasonable fundamentals for rental investors.
Does a duplex house hack pencil in Laclede, MO?
For house hackers, Laclede, MO is a challenging. The $981/mo rent on a unit helps defray the mortgage on a $192K property.
You know 64651 now. You don’t know where it ranks.
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