Updated 2026 · Based on median market data for Kirksville, MO
The median monthly rent in Kirksville, MO is $970, translating to $11,640 in annual gross rental income per unit. The rent-to-price ratio is 0.54% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Kirksville spend approximately 24% of the local median household income ($48,140) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Kirksville is 6%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.5% annually provides stable demand.
Kirksville's GRM (price divided by annual rent) is 15.5x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $970/mo, a single-family rental in Kirksville generates approximately $11,640 in gross annual income. After accounting for 6% vacancy ($698 lost), property taxes of $2,250, insurance (~$720), and maintenance (~$720), the estimated NOI is $7,252 per year, or $604/mo.
Kirksville vs Missouri state average and national average across key investment metrics. Kirksville outperforms both benchmarks on cap rate.