Real Estate Investing in La Russell, Missouri (64848)
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Should you buy in 64848 (La Russell, 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: 15.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.7 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in La Russell, MO (64848)?
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Market Analysis: 64848 La Russell
The 64848 ZIP covers a section of La Russell that demands careful diligence. Prices near $302K look accessible, but the work to make a deal cash flow is real.
The 64848 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MO, ZIP 64848 trails on several market indicators that neighboring Lawrence County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 64848 ZIP's population of 692 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategically, 64848 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 La Russell:
Market Trends
Home Value History (with trend line)
📊 How Does 64848 Compare?
| Metric | 64848 | La Russell | Missouri |
|---|---|---|---|
| Home Value | $301,751 | $301,751 | $254,657 |
| 5-Year CAGR | 8.7% | 8.7% | 7.0% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64848 (La Russell, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $301,751 |
| Monthly Rent | $846 |
| Price-to-Rent | 29.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 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 (2.2%). 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 64848
Population: 692
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
Frequently Asked Questions
Is La Russell, MO a smart market for rental property?
With a 3.0/5 investability score, La Russell, MO ranks as a solid market for rental property investors. Median prices of $302K and rents of $846/mo drive the underlying numbers.
What is the average monthly rent in La Russell, MO?
Expect rents around $846/mo per month in La Russell, MO. With home values at $302K, the yield math works out to reasonable levels for rental investors.
Is La Russell, MO good for landlords?
La Russell, MO falls under MO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What are vacancy rates like in La Russell, MO?
Vacancy in La Russell, MO is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
What is the renter demographic in La Russell, MO?
Tenant quality in La Russell, MO ranks as solid. Landlords generally report measured occupancy at market rents of $846/mo.
You know 64848 now. You don’t know where it ranks.
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