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Rental Property Investment Guide: Fort Leonard Wood, MO

Updated 2026 · Based on median market data for Fort Leonard Wood, MO

Cap Rate
3.59%
Median Price
$220K
Rent/Mo
$1,100
1% Rule
0.50%
Fails

Market Snapshot

Fort Leonard Wood sits in the Midwest with a population of 50,000 growing at 0.5% annually. The median home costs $220,000 while rents average $1,100/mo, producing an estimated cap rate of 3.59%. Cash flow investing here requires creative strategies like BRRRR or value-add approaches.

Who Should Invest Here

Fort Leonard Wood works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 3.59% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.

Deal Criteria for Fort Leonard Wood

Target properties priced 15-25% below the $220,000 median — around $176,000 or less. At this price point with $1,100/mo rents, your cap rate improves to roughly 5.0%. Factor in 1.25% property taxes ($2,750/yr), budget 5% of gross rent for maintenance, and underwrite to a 6% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,500.

Risks and Considerations

Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Fort Leonard Wood property using our cap rate calculator (pre-filled with Fort Leonard Wood data). Compare Fort Leonard Wood against similar markets in the Midwest region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

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How Fort Leonard Wood Compares

Fort Leonard Wood vs Missouri state average and national average across key investment metrics. Fort Leonard Wood's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Fort Leonard Wood
Missouri Avg
National Avg
Cap Rate
3.59%
3.26%
3.81%
Median Price
$220K
$241K
$333K
Median Rent
$1,100
$1,126
$1,524
Property Tax
1.25%
1.25%
1.08%
Vacancy
6%
6%
5.6%
Pop. Growth
0.5%/yr
0.5%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Fort Leonard Wood, MO
3.6%
$220K
$1,100
1.25%
Joplin, MO
4.3%
$220K
$1,230
1.25%
Mount Pleasant, MI
3.6%
$220K
$1,150
1.46%
North Vernon, IN
3.3%
$220K
$950
0.84%
Wisconsin Rapids, WI
2.2%
$220K
$950
1.88%

Frequently Asked Questions

Is Fort Leonard Wood, MO a good place to invest in rental property?
Fort Leonard Wood has an estimated cap rate of 3.59%, which is below the national average of 3.81%. With median home prices at $220K and rents of $1,100/mo, Fort Leonard Wood presents moderate opportunities — deals need careful sourcing to cash flow. Population growth of 0.5% and 6% vacancy rate suggest moderate rental demand.
What is the average cap rate in Fort Leonard Wood?
The estimated cap rate for Fort Leonard Wood is 3.59%, based on median home prices of $220K, median rents of $1,100/mo, a 1.25% property tax rate, and 6% vacancy. This compares to a 3.26% average across Missouri and 3.81% nationally. Cap rates for individual properties will vary based on purchase price, actual rents, and property condition.
How much does a rental property cost in Fort Leonard Wood?
The median home price in Fort Leonard Wood is $220,000, which is 34% below the national average of $333,419. A 20% down payment would be approximately $44,000. Investment properties in Fort Leonard Wood range significantly — targeting properties 15-25% below median can improve your cap rate substantially.
What are Fort Leonard Wood property taxes for investors?
Fort Leonard Wood's effective property tax rate is 1.25%, which is above the Missouri average of 1.25% and above the national average of 1.08%. On a $220K property, annual taxes are approximately $2,750 ($229/mo). Property taxes are moderate and manageable.
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Explore Fort Leonard Wood & Related Markets

More Fort Leonard Wood Guides

Rent AnalysisProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

Similar Markets in the Midwest

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Kearney, NE$295K · $1,570/mo
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Akron, OH$230K · $1,240/mo
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