Real Estate Investing in Fair Grove, Missouri (65648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65648 (Fair Grove, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fair Grove, MO (65648)?
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Market Analysis: 65648 Fair Grove
Meanwhile, ZIP 65648 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $318K median. It rewards specialists, not generalists.
Rent of $918/mo on a $318K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65648 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Fair Grove have seen price recovery that 65648 has not matched. Greene data supports the view that the spread is structural rather than temporary.
Resident income in 65648 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 65648 is an operator game, not a passive one. Stepping back, entry prices of $318K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fair Grove:
Property Strategy for 65648
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,104 | $1,020 | 3.1% | +11.0% | $119,552 |
| 3BR | $286,544 | $1,410 | 3.5% | +8.6% | $95,515 |
| 4BR | $389,865 | $1,640 | 3.0% | +8.9% | $97,466 |
Market Trends
Home Value History (with trend line)
📊 How Does 65648 Compare?
| Metric | 65648 | Fair Grove | Missouri |
|---|---|---|---|
| Home Value | $317,977 | $317,977 | $254,657 |
| 5-Year CAGR | 6.7% | 6.7% | 7.0% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 65648 (Fair Grove, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $317,977 |
| Monthly Rent | $918 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.3%). 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 65648
Population: 6,298
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 65648
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
Investor Insight: With 4,635 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Fair Grove, MO better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fair Grove, MO. The numbers - $318K homes against $918/mo rents - support that play.
What is the median home value in Fair Grove, MO?
Fair Grove, MO home values average about $318K. That price point suits investors targeting rentals with $918/mo in monthly income.
Is Fair Grove, MO a good market for buy-and-hold investors?
Fair Grove, MO rates 3.0/5 for investability. With median values at $318K and rents near $918/mo, the market offers reasonable fundamentals for rental investors.
How viable is house hacking in Fair Grove, MO?
Fair Grove, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $318K price point reasonable to enter.
Should investors worry about vacancy in Fair Grove, MO?
Fair Grove, MO carries elevated vacancy risk. Expect consistent absorption at market rents of $918/mo.
You know 65648 now. You don’t know where it ranks.
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