Real Estate Investing in Adrian, Missouri (64720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64720 (Adrian, 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.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Adrian, MO (64720)?
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Market Analysis: 64720 Adrian
The 64720 ZIP in Adrian, MO is a local-operator market. Outside capital chasing a $287K entry has to pair deep knowledge with the discount.
Rent of $927/mo on a $287K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 64720 sits below the stated 0.0% once reality is priced in.
Regionally, 64720 sits on the difficult end of the MO spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A significant renter share of 20% in 64720 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 64720 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Adrian:
Property Strategy for 64720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $167,608 | $1,030 | 4.4% | +6.8% | $83,804 |
| 3BR | $273,680 | $1,350 | 3.6% | +8.8% | $91,227 |
| 4BR | $384,665 | $1,640 | 3.1% | — | $96,166 |
Market Trends
Home Value History (with trend line)
📊 How Does 64720 Compare?
| Metric | 64720 | Adrian | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $286,847 | $286,847 | N/A | $254,657 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.0% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64720 (Adrian, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,847 |
| Monthly Rent | $927 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.5%). 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 64720
Population: 4,358
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 64720
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
How qualified is the tenant pool in Adrian, MO?
Expect a solid tenant pool in Adrian, MO. The rental market absorbs $927/mo rents without meaningful friction.
How landlord-friendly is Adrian, MO?
The landlord environment in Adrian, MO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much does a house cost in Adrian, MO?
Homes in Adrian, MO typically sell near $287K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can owner-occupants cash flow in Adrian, MO?
Adrian, MO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $927/mo rent level.
Should investors worry about vacancy in Adrian, MO?
Adrian, MO sees elevated vacancy, which is reasonable relative to the broader MO rental market.
You know 64720 now. You don’t know where it ranks.
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How 64720 ranks in Kansas City, MO-KS
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