Real Estate Investing in Calhoun, Missouri (65323)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65323 (Calhoun, 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: 13.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.3 — 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 Calhoun, MO (65323)?
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Market Analysis: 65323 Calhoun
Investors eyeing 65323 need to respect the fundamentals at play. Home values of $253K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 65323 is the wrong submarket. If the plan prices in friction, the yield can still work.
Meanwhile, 65323 offers a low basis, the region around Calhoun has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 13% in 65323 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 65323 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 Calhoun:
Market Trends
Home Value History (with trend line)
📊 How Does 65323 Compare?
| Metric | 65323 | Calhoun | Missouri |
|---|---|---|---|
| Home Value | $252,895 | $252,895 | $254,657 |
| 5-Year CAGR | 8.9% | 8.9% | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65323 (Calhoun, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,895 |
| Monthly Rent | $801 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +8.9% ▲ |
| 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 (2.5%). 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 65323
Population: 891
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 65323
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 kind of vacancy should I budget for in Calhoun, MO?
Occupancy in Calhoun, MO runs measured with elevated vacancy. Well-priced units at $801/mo lease on reasonable timelines.
Is the tenant base reliable in Calhoun, MO?
The renter base in Calhoun, MO is reasonable for the $801/mo price point. Screening well and pricing to market typically yields predictable tenants.
What is the average monthly rent in Calhoun, MO?
Expect rents around $801/mo per month in Calhoun, MO. With home values at $253K, the yield math works out to reasonable levels for rental investors.
Is housing expensive in Calhoun, MO?
Calhoun, MO home values average about $253K. That price point suits investors targeting rentals with $801/mo in monthly income.
Is Calhoun, MO a smart market for rental property?
With a 3.0/5 investability score, Calhoun, MO ranks as a solid market for rental property investors. Median prices of $253K and rents of $801/mo drive the underlying numbers.
You know 65323 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65323 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.
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