Real Estate Investing in Olean, Missouri (65064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65064 (Olean, MO)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 22.2% of homes vacant — above national norms.
- Higher unemployment: 14.5% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 27.1 — 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 Olean, MO (65064)?
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Market Analysis: 65064 Olean
ZIP 65064 inside Miller County looks affordable on the surface — median value of $264K — but the discount exists for reasons that a careful buyer should understand before committing.
The 65064 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 65064 sits on the difficult end of the MO spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 65064 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Olean:
Market Trends
Home Value History (with trend line)
📊 How Does 65064 Compare?
| Metric | 65064 | Olean | Missouri |
|---|---|---|---|
| Home Value | $263,566 | $263,566 | $254,657 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65064 (Olean, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,566 |
| Monthly Rent | $810 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (2.4%). 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 65064
Population: 774
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
How strong are rents in Olean, MO?
The typical rental in Olean, MO commands about $810/mo monthly. That rent profile consistent cash flow against the $264K purchase basis.
What is the average home sale price in Olean, MO?
Expect median prices around $264K in Olean, MO. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Do rentals sit vacant long in Olean, MO?
Expect elevated vacancy in Olean, MO. Rents at $810/mo are absorbed by the tenant base without meaningful lag.
Is Olean, MO good for landlords?
For rental operators, Olean, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is Olean, MO for real estate investors?
Olean, MO scores 2.0/5 for investability. Home values sit at $264K and rents near $810/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
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