Real Estate Investing in Richland, Missouri (65556)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65556 (Richland, 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: 14.6% 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 Richland, MO (65556)?
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Market Analysis: 65556 Richland
This part of Pulaski County is not an easy win. The 65556 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $819/mo on a $213K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65556 sits below the stated 0.0% once reality is priced in.
Turning to rents, 65556 offers a low basis, the region around Richland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 65556 includes headwinds that any investor should price in. Income distribution skews lower than Richland averages, and tenant stability requires active management.
The right play in 65556 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 Richland:
Property Strategy for 65556
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $125,672 | $910 | 5.2% | +7.5% | $62,836 |
| 3BR | $192,996 | $1,270 | 4.7% | +9.1% | $64,332 |
Market Trends
Home Value History (with trend line)
📊 How Does 65556 Compare?
| Metric | 65556 | Richland | Fort Leonard Wood, MO | Missouri |
|---|---|---|---|---|
| Home Value | $213,225 | $213,225 | N/A | $254,657 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.0% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65556 (Richland, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,225 |
| Monthly Rent | $819 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 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 (3.0%). 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 65556
Population: 5,019
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 65556
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
Are there empty rentals in Richland, MO?
Vacancy in Richland, MO is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
Is rental property easy to operate in Richland, MO?
The landlord environment in Richland, MO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Richland, MO?
Richland, MO offers a predictable renter base at the $819/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Richland, MO a good market for FHA house hackers?
Richland, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $213K price point reasonable to enter.
What price range are homes in Richland, MO?
Median home price in Richland, MO is near $213K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 65556 now. You don’t know where it ranks.
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How 65556 ranks in Fort Leonard Wood, MO
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