Real Estate Investing in Myrtle, Missouri (65778)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65778 (Myrtle, 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: 29.9% of homes vacant — above national norms.
- Lower household income: $21,250 median — tenant affordability is tighter.
• 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 Myrtle, MO (65778)?
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Market Analysis: 65778 Myrtle
ZIP 65778 in Myrtle, MO carries a durable set of headwinds. Home values near $179K and rents of $819/mo sit inside a market where underwriting has to be tight.
Rent of $819/mo on a $179K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65778 sits below the stated 0.0% once reality is priced in.
Regionally, 65778 sits on the difficult end of the MO spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 65778 ZIP's population of 432 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 65778 is an operator game, not a passive one. Stepping back, entry prices of $179K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Myrtle:
Market Trends
Home Value History (with trend line)
📊 How Does 65778 Compare?
| Metric | 65778 | Myrtle | Missouri |
|---|---|---|---|
| Home Value | $178,538 | $178,538 | $254,657 |
| 5-Year CAGR | 5.4% | 5.4% | 7.0% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65778 (Myrtle, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,538 |
| Monthly Rent | $819 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 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 (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 65778
Population: 432
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 65778
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 does house hacking look like in Myrtle, MO?
House hacking works a challenging in Myrtle, MO. Rents of $819/mo against $179K acquisition make the strategy solid for owner-occupants.
Does Myrtle, MO make sense for an investment property?
Myrtle, MO shows an investability rating of 3.0/5, with median home values near $179K and average rents around $819/mo. That combination puts it in the resilient tier for investor interest.
What kind of vacancy should I budget for in Myrtle, MO?
Rental vacancy in Myrtle, MO is elevated. Investors should budget normal turnover but not chronic empty units.
How landlord-friendly is Myrtle, MO?
MO ranks as a landlord-friendly state for landlord-tenant law. Myrtle generally follows the statewide framework, so landlords face reasonable operating rules.
Is housing expensive in Myrtle, MO?
Typical homes in Myrtle, MO go for around $179K. The 5-year CAGR of 0.0% predictable price movement.
You know 65778 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65778 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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