Real Estate Investing in Perry, Missouri (63462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 63462 (Perry, 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: 37.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — 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 Perry, MO (63462)?
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Market Analysis: 63462 Perry
This part of Ralls County is not an easy win. The 63462 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 63462 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
On balance, 63462 offers a low basis, the region around Perry has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Put differently, 1,592 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 63462 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Perry:
Property Strategy for 63462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,976 | $890 | 4.0% | +9.7% | $79,988 |
| 3BR | $243,479 | $1,120 | 3.3% | +8.9% | $81,160 |
Market Trends
Home Value History (with trend line)
📊 How Does 63462 Compare?
| Metric | 63462 | Perry | Hannibal, MO | Missouri |
|---|---|---|---|---|
| Home Value | $243,935 | $243,935 | N/A | $254,657 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 7.0% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 63462 (Perry, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,935 |
| Monthly Rent | $801 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 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 (2.6%). 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 63462
Population: 1,592
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
What investment strategy works best in Perry, MO?
In Perry, MO the robust play is typically careful cash-flow rentals with hands-on management. The combination of $244K prices and $801/mo rents suits that approach.
Is the tenant base reliable in Perry, MO?
The renter base in Perry, MO is reasonable for the $801/mo price point. Screening well and pricing to market typically yields predictable tenants.
How much is rent in Perry, MO?
Rents in Perry, MO run near $801/mo. Compared with median home prices of $244K that produces solid gross yields for typical rentals.
Is Perry, MO a friendly market for rental owners?
Perry, MO falls under MO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Can I live-in-and-rent in Perry, MO?
The house hack math a challenging in Perry, MO. Owner-occupant buyers benefit from the $801/mo rents and $244K home values.
You know 63462 now. You don’t know where it ranks.
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How 63462 ranks in Hannibal, MO
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