Real Estate Investing in Pierce City, Missouri (65723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65723 (Pierce City, 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: 12.3% 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 Pierce City, MO (65723)?
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Market Analysis: 65723 Pierce City
This part of Lawrence County is not an easy win. The 65723 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 65723 is substantial only for operators who understand what they are buying. A $216K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From an investor standpoint, 65723 offers a low basis, the region around Pierce City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 65723 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 65723 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 Pierce City:
Property Strategy for 65723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,099 | $940 | 4.7% | +8.1% | $72,549 |
| 3BR | $232,721 | $1,200 | 3.7% | +9.1% | $77,574 |
| 4BR | $282,217 | $1,360 | 3.5% | +8.3% | $70,554 |
Market Trends
Home Value History (with trend line)
📊 How Does 65723 Compare?
| Metric | 65723 | Pierce City | Joplin, MO | Missouri |
|---|---|---|---|---|
| Home Value | $216,386 | $216,386 | N/A | $254,657 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.0% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65723 (Pierce City, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,386 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.1%). 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 65723
Population: 3,093
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 65723
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
How quickly do rentals get leased in Pierce City, MO?
Vacancy risk in Pierce City, MO is elevated. That supports predictable cash flow for typical rental holds.
Are eviction rules reasonable in Pierce City, MO?
For rental operators, Pierce City, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is the working-renter base in Pierce City, MO?
The renter base in Pierce City, MO is reasonable for the $846/mo price point. Screening well and pricing to market typically yields stable tenants.
Where do rents currently stand in Pierce City, MO?
The typical rental in Pierce City, MO commands about $846/mo monthly. That rent profile stable cash flow against the $216K purchase basis.
What is the typical home price in Pierce City, MO?
Homes in Pierce City, MO typically sell near $216K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
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How 65723 ranks in Joplin, MO
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