Real Estate Investing in Appleton City, Missouri (64724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64724 (Appleton City, 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: 15.2% 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 Appleton City, MO (64724)?
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Market Analysis: 64724 Appleton City
Not every below-median market is a bargain. Appleton City's 64724 ZIP stands at signals that favor experienced operators who can absorb the risk $174K pricing implies.
From an investor standpoint, the numbers look inviting — $174K purchase price, 0.0% nominal cap — the work to hit that pro forma in 64724 is substantial and deserves full respect.
Statewide comparisons place 64724 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 64724 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 64724 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 Appleton City:
Property Strategy for 64724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,954 | $890 | 5.4% | — | $59,477 |
| 3BR | $182,143 | $1,080 | 4.3% | — | $60,714 |
Market Trends
Home Value History (with trend line)
📊 How Does 64724 Compare?
| Metric | 64724 | Appleton City | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $174,141 | $174,141 | N/A | $254,657 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.0% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64724 (Appleton City, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,141 |
| Monthly Rent | $801 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (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 64724
Population: 1,942
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 64724
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 tight is the rental market in Appleton City, MO?
Vacancy risk in Appleton City, MO is elevated. That supports measured cash flow for typical rental holds.
What is it like being a landlord in Appleton City, MO?
MO law landlord-friendly for landlords, and Appleton City inherits those rules. Investors should still review local ordinances for rental licensing.
What do rentals go for in Appleton City, MO?
Rental rates in Appleton City, MO average $801/mo. Tenant demand and $174K home values make the yield look reasonable by investor standards.
Are renters plentiful in Appleton City, MO?
Working renters make up the core of the Appleton City, MO tenant base. The pool is reasonable for investors targeting long-term holds.
How does Appleton City, MO stack up for property investment?
Appleton City, MO registers an investability rating of 3.0/5, with median home values near $174K and average rents around $801/mo. That combination puts it in the sturdy tier for investor interest.
You know 64724 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64724 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 64724 ranks in Kansas City, MO-KS
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