Real Estate Investing in Alton, Missouri (65606)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65606 (Alton, 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: 19.4% 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 Alton, MO (65606)?
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Market Analysis: 65606 Alton
ZIP 65606 in Alton, MO carries a durable set of headwinds. Home values near $173K 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 $173K asset, 65606 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 65606 and stronger Alton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 65606 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 65606, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Alton:
Property Strategy for 65606
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,997 | $890 | 5.0% | +5.2% | $63,498 |
| 3BR | $165,464 | $1,240 | 5.4% | +5.9% | $55,155 |
Market Trends
Home Value History (with trend line)
📊 How Does 65606 Compare?
| Metric | 65606 | Alton | Missouri |
|---|---|---|---|
| Home Value | $172,794 | $172,794 | $254,657 |
| 5-Year CAGR | 4.3% | 4.3% | 7.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65606 (Alton, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,794 |
| Monthly Rent | $801 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (3.6%). 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 65606
Population: 2,540
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 65606
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
Do rentals sit vacant long in Alton, MO?
Rental vacancy in Alton, MO is elevated. Investors should budget normal turnover but not chronic empty units.
Where do rents currently stand in Alton, MO?
The typical rental in Alton, MO commands about $801/mo monthly. That rent profile measured cash flow against the $173K purchase basis.
What is the renter demographic in Alton, MO?
Alton, MO offers a steady renter base at the $801/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do experienced investors play Alton, MO?
The best-fit strategy in Alton, MO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What kind of market is Alton, MO for investors?
Our data puts Alton, MO at 3.0/5 for investability. Home prices of $173K and rents around $801/mo create a solid backdrop for investor activity.
You know 65606 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65606 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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Community Ratings
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