Real Estate Investing in Goodman, Missouri (64843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64843 (Goodman, 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: 14.7% 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 Goodman, MO (64843)?
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Market Analysis: 64843 Goodman
Not every below-median market is a bargain. Goodman's 64843 ZIP reports signals that favor experienced operators who can absorb the risk $206K pricing implies.
On balance, the numbers look inviting — $206K purchase price, 0.0% nominal cap — the work to hit that pro forma in 64843 is substantial and deserves full respect.
The gap between 64843 and stronger Goodman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Stepping back, 3,193 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 64843 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 Goodman:
Property Strategy for 64843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,306 | $1,050 | 5.0% | — | $75,153 |
| 3BR | $195,716 | $1,450 | 5.3% | — | $65,239 |
Market Trends
Home Value History (with trend line)
📊 How Does 64843 Compare?
| Metric | 64843 | Goodman | Joplin, MO | Missouri |
|---|---|---|---|---|
| Home Value | $205,638 | $205,638 | N/A | $254,657 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.0% |
| Avg Rent | $945 | $945 | 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 64843 (Goodman, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,638 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 64843
Population: 3,193
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
🎓 Nearby Colleges & Universities
Investor Insight: With 742 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Goodman, MO?
Goodman, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($206K prices, $945/mo rents) make it a reasonable choice.
Is Goodman, MO landlord-friendly?
MO law landlord-friendly for landlords, and Goodman inherits those rules. Investors should still review local ordinances for rental licensing.
Should investors consider Goodman, MO?
The 3.0/5 investability rating in Goodman, MO reflects its $206K prices and $945/mo rents. Investors generally consider it a solid option within MO.
Is it easy to find good tenants in Goodman, MO?
Tenant demand in Goodman, MO is solid. The local workforce $945/mo rents across most rental classes.
What is the typical rental rate in Goodman, MO?
The typical rental in Goodman, MO commands about $945/mo monthly. That rent profile measured cash flow against the $206K purchase basis.
You know 64843 now. You don’t know where it ranks.
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How 64843 ranks in Joplin, MO
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