Real Estate Investing in Diamond, Missouri (64840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64840 (Diamond, MO)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Diamond, MO (64840)?
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Market Analysis: 64840 Diamond
ZIP 64840 inside Newton County looks affordable on the surface — median value of $252K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 64840 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 64840 offers a low basis, the region around Diamond has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 64840 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 64840 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Diamond:
Property Strategy for 64840
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,185 | $940 | 4.0% | — | $85,092 |
| 3BR | $220,150 | $1,200 | 3.9% | +7.2% | $73,383 |
Market Trends
Home Value History (with trend line)
📊 How Does 64840 Compare?
| Metric | 64840 | Diamond | Joplin, MO | Missouri |
|---|---|---|---|---|
| Home Value | $251,674 | $251,674 | N/A | $254,657 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.0% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 64840 (Diamond, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,674 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.6%). 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 64840
Population: 3,566
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 64840
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
Investor Insight: With 1,565 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strict are landlord regulations in Diamond, MO?
Rental owners in Diamond, MO deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Diamond, MO?
The renter base in Diamond, MO is reasonable for the $846/mo price point. Screening well and pricing to market typically yields stable tenants.
Are rents high in Diamond, MO?
Rents in Diamond, MO run near $846/mo. Compared with median home prices of $252K that produces solid gross yields for typical rentals.
Is Diamond, MO a smart market for rental property?
The 3.0/5 investability rating in Diamond, MO reflects its $252K prices and $846/mo rents. Investors generally consider it a solid option within MO.
What are home prices like in Diamond, MO?
Median home price in Diamond, MO is near $252K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
You know 64840 now. You don’t know where it ranks.
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How 64840 ranks in Joplin, MO
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