Top City Searches in Missouri
Missouri: The Show-Me State
Missouri has an estimated population of 6,160,281 residents. Its capital city is Jefferson City, while St. Louis serves as its most populous. Missouri is known for its laissez-faire attitude towards tobacco and alcohol. In fact, the Show-Me State boasts the lowest excise tax for tobacco in the nation.
Missouri played a significant role in shaping the music scene of the United States. It is the birthplace of genres such as Kansas City jazz, St. Louis blues, and ragtime. The famous Kansas City-style barbecue also originated here. Missouri also has a thriving beer brewing industry. In fact, the world's largest producer of beer, Anheuser-Busch, is headquartered in the Show-Me State.
Aside from that, Missouri boasts a vibrant arts and culture scene. Notable attractions include the Nelson-Atkins Museum of Art
, the Saint Louis Zoo
, the Missouri Botanical Garden
, the City Museum
, and the renowned Gateway Arch
. Sports also contribute to the culture of Missouri. Major sports teams based here include the Kansas City Royals (MLB), the St. Louis Cardinals (MLB), the Kansas City Chiefs (NFL), and the St. Louis Blues (NHL).
Colleges and universities located in the state include the University of Missouri
, Truman State University
, the University of Central Missouri
, Saint Louis University
, and Washington University in St. Louis
. Other points of interest include the Saint Louis Art Museum
, Forest Park, the National WWI Museum and Memorial
, Lake of the Ozarks
, and Table Rock Lake.
Understanding Missouri's Rental Market
The rental market in Missouri is an attractive one. The median sale price
for a home in this state is $234,000, which is an 8.3% increase year over year. Missouri also boasts a high renter density. In fact, renters make up 33.2% of the state's population.
Image via towncharts.com
In terms of rent, Missouri had a median rent of $834 in 2019. This was a slight drop from the year prior, though higher than 2017 and 2016. It is also below the national median, which was $1,097 in 2019. Still, due to affordable homes, landlords stand to gain decent returns in the Show-Me State.
Image via deptofnumbers.com
As for vacancies, landlords won't have too much trouble filling in empty units. In 2019, the vacancy rate in the state was 5.15%, which was lower than the national vacancy rate of 5.97%.
Finally, Missouri is known to be a relatively landlord-friendly state. Landlords have a generally easier time with the eviction process if the tenant fails to pay their rent.
Why You Need Missouri Property Management Services
There is no question that Missouri has a good rental market. With a large renter population and affordable properties, it definitely sits near the top of the list for property investors. However, there is more to rental management than just raking in the income. Landlords must put in a lot of work into their properties or risk losing tenants or, worse yet, violating the law.
This is where a Missouri rental management company comes in handy.
With a property manager, landlords can pass on most of their duties to an experienced and licensed professional. A property manager or management company can take over your usual responsibilities. This will leave you with more time and less stress while still earning rental income.
What can a property management company offer you?
- Rental property advertising
- Property showings
- Tenant screening
- Lease preparations
- Property inspections
- Rent collection
- Lease terms enforcement
- Maintenance management
- Tax prep assistance
- Eviction assistance
On the Hunt for Property Management in Missouri?
Are you looking for a Missouri property management company to help your rental home run smoothly? Rental Choice contains a database of the nation's most trusted property management companies and vendors.
By using your zip code or selecting your city and state, you can find qualified management companies and other service providers in your area. Start your search today with the help of our online directory