Real Estate Investing in Polk, Missouri (65724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65724 (Polk, 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: 52.2% of homes vacant — above national norms.
- Lower household income: $34,923 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Polk, MO (65724)?
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Market Analysis: 65724 Polk
This part of Hickory County is not an easy win. The 65724 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $900/mo on a $191K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65724 sits below the stated 0.0% once reality is priced in.
In practical terms, 65724 offers a low basis, the region around Polk has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 65724 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 65724 is an operator game, not a passive one. From an investor standpoint, entry prices of $191K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Polk:
Property Strategy for 65724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $149,593 | $1,000 | 4.8% | +8.8% | $74,796 |
| 3BR | $202,135 | $1,380 | 4.9% | +10.2% | $67,378 |
Market Trends
Home Value History (with trend line)
📊 How Does 65724 Compare?
| Metric | 65724 | Polk | Missouri |
|---|---|---|---|
| Home Value | $191,019 | $95,510 | $254,657 |
| 5-Year CAGR | 7.5% | 7.5% | 7.0% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 65724 (Polk, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,019 |
| Monthly Rent | $900 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +15.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (3.7%). 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 65724
Population: 1,728
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
Frequently Asked Questions
Is it easy to find good tenants in Polk, MO?
The renter base in Polk, MO is reasonable for the $900/mo price point. Screening well and pricing to market typically yields consistent tenants.
How does Polk, MO stack up for property investment?
Yes - Polk, MO a 3.0/5 investability score. With $191K home prices against $900/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do home values compare in Polk, MO?
Homes in Polk, MO typically sell near $191K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is Polk, MO better for rentals, flips, or BRRRR?
Polk, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($191K prices, $900/mo rents) make it a reasonable choice.
Does Polk, MO favor landlords or tenants?
Polk, MO operates under MO law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 65724 now. You don’t know where it ranks.
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