Real Estate Investing in Granby, Missouri (64844)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64844 (Granby, 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: 13.7% of homes vacant — above national norms.
- Higher unemployment: 10.6% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Granby, MO (64844)?
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Market Analysis: 64844 Granby
The 64844 ZIP covers a section of Granby that demands careful diligence. Prices near $184K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $184K purchase price, 0.0% nominal cap — the work to hit that pro forma in 64844 is substantial and deserves full respect.
The gap between 64844 and stronger Granby ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 64844 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 64844 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Granby:
Property Strategy for 64844
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,531 | $940 | 6.2% | — | $54,766 |
| 3BR | $186,971 | $1,200 | 4.6% | +5.2% | $62,324 |
Market Trends
Home Value History (with trend line)
📊 How Does 64844 Compare?
| Metric | 64844 | Granby | Joplin, MO | Missouri |
|---|---|---|---|---|
| Home Value | $184,003 | $184,003 | N/A | $254,657 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.0% |
| Avg Rent | $846 | $846 | 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 64844 (Granby, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,003 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 64844
Population: 4,131
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 64844
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 742 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Granby, MO for investors?
Our data puts Granby, MO at 3.0/5 for investability. Home prices of $184K and rents around $846/mo create a solid backdrop for investor activity.
How high is vacancy risk in Granby, MO?
Granby, MO carries elevated vacancy risk. Expect measured absorption at market rents of $846/mo.
How do home values compare in Granby, MO?
In Granby, MO the median home value sits at $184K. Against the broader MO market, that reads as reasonable for most investors.
Is rental property easy to operate in Granby, MO?
The landlord environment in Granby, MO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in Granby, MO?
Granby, MO rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $184K acquisition costs.
You know 64844 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64844 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 64844 ranks in Joplin, MO
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