Real Estate Investing in Centerville, Missouri (65440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65440 (Centerville, 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: 36.4% of homes vacant — above national norms.
• 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 Centerville, MO (65440)?
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Market Analysis: 65440 Centerville
ZIP 65440 in Centerville, MO carries a healthy set of headwinds. Home values near $220K and rents of $801/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $220K asset, 65440 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Centerville have seen price recovery that 65440 has not matched. Reynolds County data supports the view that the spread is structural rather than temporary.
The demographic picture in 65440 includes headwinds that any investor should price in. Income distribution skews lower than Centerville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 65440 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 Centerville:
Market Trends
Home Value History (with trend line)
📊 How Does 65440 Compare?
| Metric | 65440 | Centerville | Missouri |
|---|---|---|---|
| Home Value | $219,823 | $109,911 | $254,657 |
| 5-Year CAGR | 6.8% | 6.8% | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65440 (Centerville, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,823 |
| Monthly Rent | $801 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 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 (2.8%). 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 65440
Population: 216
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
Is Centerville in MO worth investing in?
Investors tracking Centerville, MO will find a 3.0/5 rating supported by $220K median home values and $801/mo rents. That profile suits long-term holders targeting reliable returns.
How much is rent in Centerville, MO?
Rents in Centerville, MO run near $801/mo. Compared with median home prices of $220K that produces solid gross yields for typical rentals.
How strong is the working-renter base in Centerville, MO?
The renter base in Centerville, MO is reasonable for the $801/mo price point. Screening well and pricing to market typically yields steady tenants.
What is the best play in Centerville, MO?
Centerville, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($220K prices, $801/mo rents) make it a reasonable choice.
How strict are landlord regulations in Centerville, MO?
Centerville, MO operates under MO law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 65440 now. You don’t know where it ranks.
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