Real Estate Investing in Alma, Missouri (64001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 64001 (Alma, MO)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
• 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 Alma, MO (64001)?
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Market Analysis: 64001 Alma
Investors eyeing 64001 need to respect the fundamentals at play. Home values of $219K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 64001 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Meanwhile, 64001 offers a low basis, the region around Alma has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 64001 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 64001 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 Alma:
Market Trends
Home Value History (with trend line)
📊 How Does 64001 Compare?
| Metric | 64001 | Alma | Kansas City, MO-KS | Missouri |
|---|---|---|---|---|
| Home Value | $219,005 | $219,005 | N/A | $254,657 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 7.0% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 64001 (Alma, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,005 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (3.3%). 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 64001
Population: 915
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 64001
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.
Frequently Asked Questions
How do home values compare in Alma, MO?
Homes in Alma, MO typically sell near $219K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What kind of vacancy should I budget for in Alma, MO?
Alma, MO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Alma, MO?
Rental rates in Alma, MO average $927/mo. Tenant demand and $219K home values make the yield look reasonable by investor standards.
Is Alma, MO better for rentals, flips, or BRRRR?
For Alma, MO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical renter like in Alma, MO?
Tenant quality in Alma, MO ranks as solid. Landlords generally report stable occupancy at market rents of $927/mo.
You know 64001 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 64001 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 64001 ranks in Kansas City, MO-KS
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