Real Estate Investing in Deepwater, Missouri (64740)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64740 (Deepwater, 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: 29.9% 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 Deepwater, MO (64740)?
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Market Analysis: 64740 Deepwater
Investors eyeing 64740 need to respect the fundamentals at play. Home values of $220K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 64740 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 64740 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 64740 ZIP's population of 1,568 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at Deepwater's stable or hybrid ZIPs before stepping into 64740. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Deepwater:
Property Strategy for 64740
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,343 | $890 | 4.4% | — | $72,672 |
| 3BR | $245,814 | $1,150 | 3.4% | +9.4% | $81,938 |
Market Trends
Home Value History (with trend line)
📊 How Does 64740 Compare?
| Metric | 64740 | Deepwater | Missouri |
|---|---|---|---|
| Home Value | $220,225 | $220,225 | $254,657 |
| 5-Year CAGR | 6.0% | 6.0% | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 64740 (Deepwater, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $220,225 |
| Monthly Rent | $801 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (2.8%). 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 64740
Population: 1,568
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 64740
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 much is rent in Deepwater, MO?
Rents in Deepwater, MO run near $801/mo. Compared with median home prices of $220K that produces solid gross yields for typical rentals.
How strong is tenant demand in Deepwater, MO?
Deepwater, MO draws a predictable base of working renters. Demand at the $801/mo rent level is reasonable for standard single-family and small multi rentals.
Where do home prices stand in Deepwater, MO?
Deepwater, MO home values average about $220K. That price point suits investors targeting rentals with $801/mo in monthly income.
Is rental property easy to operate in Deepwater, MO?
Landlord-friendliness in Deepwater, MO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking work in Deepwater, MO?
House hacking in Deepwater, MO is reasonable to execute. Prices around $220K and rents of $801/mo solid owner-occupant economics.
You know 64740 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64740 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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