Real Estate Investing in Cleveland, Missouri (64734)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64734 (Cleveland, 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 price-to-rent: Price-to-rent ratio 30.5 — 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 Cleveland, MO (64734)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 64734 Cleveland
ZIP 64734 inside Cass looks affordable on the surface — median value of $438K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 64734 can be a worth a close look for hunting ground — but the discount at $438K reflects genuine risk that outside investors often underestimate.
Regionally, 64734 sits on the difficult end of the MO spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 64734 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 64734
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $346,730 | $1,330 | 2.8% | — | $173,365 |
| 3BR | $380,337 | $1,730 | 3.3% | +6.2% | $126,779 |
| 4BR | $518,816 | $2,060 | 2.9% | +7.7% | $129,704 |
Market Trends
Home Value History (with trend line)
📊 How Does 64734 Compare?
| Metric | 64734 | Cleveland | Missouri |
|---|---|---|---|
| Home Value | $437,916 | $437,916 | $254,657 |
| 5-Year CAGR | 5.5% | 5.5% | 7.0% |
| Avg Rent | $1,197 | $1,197 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 64734 (Cleveland, MO). Anonymous, moderated, never written by AI.
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Property managers serving Cass County
Manage rentals here? List your business →Alpine Property Management offers residential property management services in the Kansas City metro area, including Kansas City, Independence, Lees Summit, Blue Springs, Liberty, Gladstone, Overland P summary from their website
Meridian Realty & Property Management has been an innovative leader in the property management industry since 2013, managing 700+ single-family homes, multi-family units, and apartment complexes in Ka summary from their website
North Terrace Property Management offers premier Kansas City rentals, including elegant 2-bedroom lofts and spacious 3-bedroom townhomes in Belton, MO, and renovated 1-bedroom apartments in Midtown Ka summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $437,916 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.1%). 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 64734
Population: 2,065
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 64734
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
How does Cleveland, MO stack up for property investment?
Cleveland, MO sits at an investability rating of 3.0/5, with median home values near $438K and average rents around $1,197/mo. That combination puts it in the significant tier for investor interest.
How quickly do rentals get leased in Cleveland, MO?
Cleveland, MO carries elevated vacancy risk. Expect measured absorption at market rents of $1,197/mo.
How strong is the working-renter base in Cleveland, MO?
Tenant demand in Cleveland, MO is solid. The local workforce $1,197/mo rents across most rental classes.
Is Cleveland, MO a friendly market for rental owners?
For rental operators, Cleveland, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much is rent in Cleveland, MO?
Cleveland, MO rentals go for roughly $1,197/mo a month. That puts gross yield in solid territory relative to $438K acquisition costs.
You know 64734 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64734 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.
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Community Ratings
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