Real Estate Investing in Norborne, Missouri (64668)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64668 (Norborne, 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: 19.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Norborne, MO (64668)?
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Market Analysis: 64668 Norborne
ZIP 64668 in Norborne, MO carries a solid set of headwinds. Home values near $199K and rents of $927/mo sit inside a market where underwriting has to be tight.
The investment case in 64668 is notable only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within MO, ZIP 64668 trails on several market indicators that neighboring Carroll County submarkets outperform. The gap is real and durable enough to shape underwriting.
On balance, 1,453 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, 64668 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 Norborne:
Market Trends
Home Value History (with trend line)
📊 How Does 64668 Compare?
| Metric | 64668 | Norborne | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $199,135 | $199,135 | N/A | $254,657 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.0% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64668 (Norborne, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $199,135 |
| Monthly Rent | $927 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 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 (3.6%). 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 64668
Population: 1,453
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 64668
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
Where do home prices stand in Norborne, MO?
Norborne, MO home values average about $199K. That price point suits investors targeting rentals with $927/mo in monthly income.
What kind of tenants rent in Norborne, MO?
Tenant quality in Norborne, MO ranks as solid. Landlords generally report reliable occupancy at market rents of $927/mo.
How does Norborne, MO rate as a rental market?
Norborne, MO scores 3.0/5 for investability. Home values sit at $199K and rents near $927/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Norborne, MO suited for a house hack?
The a challenging house-hack environment in Norborne, MO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is it like being a landlord in Norborne, MO?
MO ranks as a landlord-friendly state for landlord-tenant law. Norborne generally follows the statewide framework, so landlords face reasonable operating rules.
You know 64668 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64668 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 64668 ranks in Kansas City, MO-KS
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