I've been getting a lot of questions lately from out of state investors about buying in Kansas City. By far the most common question is "What zip code should I invest in?"
One of my favorite areas is 64109. If you go to citi-data and view the demographics it reads something like:
% of renters: 62% Median house value: $89,200Median property tax: $1,097...etc
What this doesn't tell you is the west side is more family owned homes that can run upwards of $1million. The further east you go the lower the income, higher crime, and homes can be purchased for only a few thousand dollars.
I've seen many out of state investors get burned because they weren't familiar enough with an area and thought they were getting a great deal based on a zip code.
Kansas City really can be a great market to invest in, but do your homework, make local connections, build your resources, and make sure you know the neighborhood as well as the zip code.
