List ranking KCMO neighborhoods... is this accurate?

Question

Lee Ripma · Answer

My issue with your guide it is geared toward SFH homeowners. I personally live in an A+ area with only SFH, well rated schools, and near zero rentals. The rent to price ratio makes zero sense for investors, so we don't buy investment property here but we live here.

Most investors will invest in B+ to D neighborhoods. From my experience the median household incomes really determines  the neighborhood class but I also look at all the VestMap.com DISCERN factors. In KC I'm using the following splits in general with local knowledge of demographics, schools, crime, growth, and rent levels.

I am only including B+ to D zip codes below and they are broken out by where that zip code is located so it isn’t just a string of meaningless zip codes.

Instead of finding exact locations I recommend finding several locations that will work and picking the class you want. Then evaluate each available deal. No use having a location without a deal you can buy!

General income splits:

A 99k+

B+ 75k - 99k

B 56k - 75k

B-/C+ 48k - 56k

C 28k - 48k

D under 28k

Guide to Kansas City Zip codes

B+ zips

Blue Springs

64015

64014

Grain Valley

64029

Lee’s Summit

64068

64063

64081

Raymore

64083

Kansas City, MO

64145

64112

64101

Liberty

64158

Northland

64152

64151

64154

64155

Shawnee Mission

66217

66216

66219

66215

66210

Olathe

66026

66061

Prairie Village

66205

Gardner

66030

B zips

Kansas City, MO

64105

64114

64111

64137

64138

64108

64111

64131

64110

Independence:

64055

64056

64057

North Kansas City

64119

Overland Park/Merriam

66202

66203

66204

66214

66212

66214

B - /C+ zips

Gladstone

64118

North Kansas City

64116

64117

Independence:

64052

Raytown

64133

Grandview

64030

Belton

64012

Kansas City, KS

66112

66106

C zips

Historic Northeast:

64124

64123

Kansas City, MO

64129

64130

64109

64132

64134

Independence:

64053

64054

64050

Kansas City, KS

66102

66103

66104

66105

Riverside

64150

D zips

Kansas City, MO

64125

64126

64127

64128

Kansas City, KS

66101

Wyatt Seidel · Answer

Hey George! I'm an investor and agent here locally in the Kansas City area. Don't listen to Bob up there telling you it's a waste of time. It's better than what other people are doing by actually giving it some thought and trying to learn. I would love to connect and chat with you about this area. I'm going to message you.

George Red · Answer

@Lee Ripma AMAZING! Thanks for the thoughtful and detailed response and area breakdown, very much appreciated. Yeah when I looked at the higher end properties they don't pencil out for sure, the breakdown of the B-C-D areas is very helpful. @Dustin Street thanks for the additional information on the KS side. I'll definitely leverage this moving forward.

George Red · Answer

@Caleb Brown the list goes past the "prime" areas all the way down to the 143rd neighborhood. The top does have prime areas though. @Bob Stevens I wouldn't call reading a list that may provide directional guidance to an OOS investor a waste of time... it's just information. Nothing that I would base a purchase decision on 100% but not harmful information to know.

The question stands. For people familiar with the Market, thoughts on the list and fairly accurate?

George Red · Answer

@Dustin Street Bob Stevens did 500 deals and owns half of East Cleveland without doing research or "learning" online... he just knows. No fancy pants questions or information sharing... he just knows. @Bob Stevens uses the internet not as a tool to learn, but as a pulpit from which to share his omnipotence with the masses. Dustin you may think that he uses the internet to find local REI meetups but you'd be wrong... local REI meetups find Bob Stevens. When Bob Stevens and Chuck Norris sit down for dinner to set the global agenda for the next week they don't read menus or research options... they just order... they inherently just know.

Bob multiple people have pointed out that your initial response may have come across as abrasive. Just a quick note below on how you could have handled things without eliciting the same response.

* If you didn't have any information relevant to the conversation, you could have simply not responded to the post.

* You could have said something like "I don't have any information about neighborhoods in KC and I wish you luck in your search. In my experience people can overemphasize research and it can stop them from actually taking action, try to be sure to balance the two so you're moving toward your investment goals while learning."

For the record I already own investment property in the market and was asking for additional information/insight from other community members (kinda the point of this forum). It is also ironic that you're posting to tell people not to take advice/information from online sources while simultaneously dispensing advice online. I wish you the best in your future endeavors (honestly) and hopefully you'll consider why your response received pushback from multiple community members.

I hope you have a good weekend.

Laura Williams · Answer

@George Red As an investor I think the more important question is which areas are moving up on the list & getting better. I would look at where new development is happening...what neighborhoods that used to be seedy are starting to see flips and bad houses getting bought up...where is the city investing tax dollars to improve...what neighborhoods are the hipsters starting to move into...where are the cool coffee shops and restaurants opening...where are the big money players buying up land to develop. There's alot you can find googling online  or from looking at zillow and researching which areas seem to be doing alot of flips or driving neighborhoods and looking around.

Nic S. · Answer

@George Red @Lee Ripma is legit

George Red · Answer

@Laura Williams I just shot you a connect request and a message there. Happy Thursday!

Caleb Brown · Answer

Happy to chat. These are prime parts of KC. Prices over 300/400K which is for a home owner not an investor(maybe STR). These also don't include the suburbs which have great schools and are ideal for investing in too

List ranking KCMO neighborhoods... is this accurate?

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