Real Estate Investing in New Franklin, Missouri (65274)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65274 (New Franklin, 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: 19.6% 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 New Franklin, MO (65274)?
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Market Analysis: 65274 New Franklin
ZIP 65274 inside Howard County looks affordable on the surface — median value of $193K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 65274 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 65274 and stronger New Franklin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 65274 includes headwinds that any investor should price in. Income distribution skews lower than New Franklin averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 65274 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 New Franklin:
Market Trends
Home Value History (with trend line)
📊 How Does 65274 Compare?
| Metric | 65274 | New Franklin | Columbia, MO | Missouri |
|---|---|---|---|---|
| Home Value | $193,125 | $193,125 | N/A | $254,657 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.0% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65274 (New Franklin, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,125 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.4%). 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 65274
Population: 1,886
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 65274
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
Frequently Asked Questions
What approach is best for New Franklin, MO real estate?
The best-fit strategy in New Franklin, MO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How deep is the rental pool in New Franklin, MO?
Expect a solid tenant pool in New Franklin, MO. The rental market absorbs $846/mo rents without meaningful friction.
Is rental property easy to operate in New Franklin, MO?
Landlord-friendliness in New Franklin, MO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is house hacking profitable in New Franklin, MO?
House hacking in New Franklin, MO is reasonable to execute. Prices around $193K and rents of $846/mo solid owner-occupant economics.
Is vacancy a concern in New Franklin, MO?
Rental vacancy in New Franklin, MO is elevated. Investors should budget normal turnover but not chronic empty units.
You know 65274 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65274 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 65274 ranks in Columbia, MO
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