Real Estate Investing in Wheeling, Missouri (64688)
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Should you buy in 64688 (Wheeling, 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: 21.8% 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 Wheeling, MO (64688)?
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Market Analysis: 64688 Wheeling
The 64688 ZIP covers a section of Wheeling that demands careful diligence. Prices near $243K look accessible, but the work to make a deal cash flow is real.
The investment case in 64688 is impressive only for operators who understand what they are buying. A $243K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within MO, ZIP 64688 trails on several market indicators that neighboring Livingston County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Who lives in 64688 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 64688, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wheeling:
Market Trends
Home Value History (with trend line)
📊 How Does 64688 Compare?
| Metric | 64688 | Wheeling | Missouri |
|---|---|---|---|
| Home Value | $242,921 | $242,921 | $254,657 |
| 5-Year CAGR | 8.3% | 8.3% | 7.0% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64688 (Wheeling, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,921 |
| Monthly Rent | $837 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.7%). 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 64688
Population: 718
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What price range are homes in Wheeling, MO?
Median home price in Wheeling, MO is near $243K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How deep is the rental pool in Wheeling, MO?
The tenant pool in Wheeling, MO is solid, supported by local employment and population fundamentals. Rents of $837/mo are well-absorbed by the market.
Is Wheeling, MO a good market for buy-and-hold investors?
Our data puts Wheeling, MO at 3.0/5 for investability. Home prices of $243K and rents around $837/mo create a solid backdrop for investor activity.
What type of investing works in Wheeling, MO?
Investors usually favor careful cash-flow rentals with hands-on management in Wheeling, MO. With home values at $243K and rents near $837/mo, other strategies can work but produce measured rather than outsized returns.
Is Wheeling, MO good for landlords?
For rental operators, Wheeling, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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