Real Estate Investing in Centertown, Missouri (65023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65023 (Centertown, MO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centertown, MO (65023)?
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Market Analysis: 65023 Centertown
The 65023 ZIP in Centertown, MO is a local-operator market. Outside capital chasing a $335K entry has to pair deep knowledge with the discount.
For an experienced owner, 65023 can be a a credible choice for hunting ground — but the discount at $335K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Centertown have seen price recovery that 65023 has not matched. Cole County data supports the view that the spread is structural rather than temporary.
The demographic picture in 65023 includes headwinds that any investor should price in. Income distribution skews lower than Centertown averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 65023 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 Centertown:
Property Strategy for 65023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,973 | $1,060 | 3.4% | +9.6% | $111,987 |
| 3BR | $320,159 | $1,470 | 3.3% | +8.9% | $106,720 |
| 4BR | $380,704 | $1,610 | 3.0% | +7.8% | $95,176 |
Market Trends
Home Value History (with trend line)
📊 How Does 65023 Compare?
| Metric | 65023 | Centertown | Jefferson City, MO | Missouri |
|---|---|---|---|---|
| Home Value | $335,117 | $335,117 | N/A | $254,657 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 7.0% |
| Avg Rent | $954 | $954 | N/A | - |
| 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 65023 (Centertown, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,117 |
| Monthly Rent | $954 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 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 (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 65023
Population: 1,546
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
Frequently Asked Questions
How much do tenants pay in Centertown, MO?
The typical rental in Centertown, MO commands about $954/mo monthly. That rent profile consistent cash flow against the $335K purchase basis.
Is it easy to find good tenants in Centertown, MO?
Tenant quality in Centertown, MO ranks as solid. Landlords generally report steady occupancy at market rents of $954/mo.
How do home values compare in Centertown, MO?
The median home value in Centertown, MO is roughly $335K. That puts it reasonable relative to the MO statewide average.
Is Centertown, MO landlord-friendly?
The landlord environment in Centertown, MO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Centertown, MO stack up for property investment?
The 3.0/5 investability rating in Centertown, MO reflects its $335K prices and $954/mo rents. Investors generally consider it a solid option within MO.
You know 65023 now. You don’t know where it ranks.
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How 65023 ranks in Jefferson City, MO
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