Real Estate Investing in Bakersfield, Missouri (65609)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65609 (Bakersfield, MO)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.6% 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 Bakersfield, MO (65609)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 65609 Bakersfield
Investors eyeing 65609 need to respect the fundamentals at play. Home values of $227K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $227K purchase price, 0.0% nominal cap — the work to hit that pro forma in 65609 is substantial and deserves full respect.
In the broader MO picture, 65609 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 65609 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Bakersfield's stable or hybrid ZIPs before stepping into 65609. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bakersfield:
Market Trends
Home Value History (with trend line)
📊 How Does 65609 Compare?
| Metric | 65609 | Bakersfield | Missouri |
|---|---|---|---|
| Home Value | $227,463 | $227,463 | $254,657 |
| 5-Year CAGR | 8.3% | 8.3% | 7.0% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65609 (Bakersfield, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,463 |
| Monthly Rent | $855 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 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 (2.9%). 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 65609
Population: 814
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 65609
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
What kind of market is Bakersfield, MO for investors?
Our data puts Bakersfield, MO at 3.0/5 for investability. Home prices of $227K and rents around $855/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Bakersfield, MO?
Rent in Bakersfield, MO is around $855/mo. The resulting rent-to-value relationship with $227K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Bakersfield, MO?
Expect elevated vacancy in Bakersfield, MO. Rents at $855/mo are absorbed by the tenant base without meaningful lag.
Are renters plentiful in Bakersfield, MO?
Working renters make up the core of the Bakersfield, MO tenant base. The pool is reasonable for investors targeting long-term holds.
What is the average home sale price in Bakersfield, MO?
Expect median prices around $227K in Bakersfield, MO. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 65609 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65609 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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