Best Areas for Rental Property Investment in the Kansas City Metro (Beyond Kansas City)
Kansas City is an exciting place to invest in rental properties, but there are many other great cities in the metro area that can provide lucrative opportunities for investors. Whether you're looking for affordability, stable rental demand, or strong long-term growth, cities surrounding Kansas City offer a range of options that may be better suited for your investment goals. In this post, we’ll explore some of the best cities in the Kansas City metro to consider for your next rental property investment.
1. Raytown, Missouri
Located just outside Kansas City, Raytown is an excellent option for rental property investment. This suburban town offers a more affordable price point compared to Kansas City itself and is home to a variety of single-family homes that attract long-term tenants. Raytown's public schools, including Raytown South and Raytown High, are an added bonus, as they generally perform better than Kansas City’s schools, making the area appealing to families.
Raytown is still an affordable option in the Kansas City metro area, and properties here typically rent for around $1,600 per month, making it a solid choice for those seeking moderate cash flow. As the housing market here remains stable, Raytown offers a great balance between affordability and steady rental income.
2. Independence, Missouri
A larger city compared to Raytown, Independence offers a more diverse selection of properties, from older homes in need of updates to more modern housing options. Though some neighborhoods in Independence may be more rundown, there are still plenty of opportunities for rental property investors, especially if you’re willing to put in a bit of work to renovate or update properties.
Independence benefits from its proximity to downtown Kansas City while offering a more affordable price range. With rents typically hovering around $1,300 for a two- or three-bedroom home, Independence offers good rental yields with a more affordable entry point than Kansas City itself. For those willing to invest in properties that need a little TLC, Independence offers strong potential.
3. Blue Springs, Missouri
Blue Springs is another suburb of Kansas City that has been experiencing steady growth and offers great opportunities for rental property investors. Known for its family-friendly atmosphere and excellent schools, Blue Springs is a popular place for people to settle down, making it a reliable location for rental properties.
Properties in Blue Springs typically rent for around $1,600 to $1,800 per month, providing a solid return on investment. The city is a little newer and offers homes with modern amenities, which can be attractive to potential tenants looking for quality housing. If you’re interested in a city with a great reputation and stable demand for rentals, Blue Springs is an excellent choice.
4. Lee's Summit, Missouri
Lee’s Summit is one of the most desirable suburbs in the Kansas City metro area, making it a great place for long-term investments. The city boasts top-rated schools and a growing job market, making it an attractive location for families and professionals alike.
Though the initial cost of buying a property in Lee's Summit may be a little higher compared to other areas, the demand for rental properties is robust, and rental prices can reach upwards of $2,000 per month for a well-maintained single-family home. This makes Lee’s Summit a great place for those looking to invest in quality rental properties with the potential for appreciation and steady rental income.
5. Grandview, Missouri
Grandview is an up-and-coming area that offers affordable housing options in a central location within the Kansas City metro. While Grandview has historically been a less desirable location, the area is beginning to see improvements and increased demand for housing. Investors looking for properties that may appreciate over time should consider Grandview as it is still under the radar for many.
Properties here tend to rent for around $1,200 to $1,500 per month, offering a solid return on investment for those looking for affordability and stable cash flow. With increasing investments in the area and its proximity to Kansas City, Grandview is expected to see further growth in the coming years.
6. Belton, Missouri
Located just south of Kansas City, Belton is another suburban area that offers potential for rental property investors. With a more affordable housing market compared to Kansas City, Belton is attractive to tenants looking for a quieter, suburban lifestyle with easy access to the city.
Homes in Belton generally rent for between $1,200 and $1,500 per month, and the area offers a stable rental market with moderate property prices. Whether you're looking for a starter rental property or a long-term investment, Belton provides a reliable option for those seeking affordable properties outside the city.
7. Grain Valley, Missouri
Grain Valley is a small, family-friendly town located east of Blue Springs. Though it’s a bit further from Kansas City, it offers a peaceful, rural atmosphere that many tenants appreciate. The community is growing, and the demand for rental properties in Grain Valley has been on the rise.
Homes here typically rent for around $1,300 per month, providing investors with a steady income stream. With the ongoing development in surrounding areas, Grain Valley is expected to see continued growth, making it an excellent long-term investment.
Conclusion: Consider the Kansas City Metro for Rental Property Investment
While Kansas City itself is a popular destination for rental property investment, many of the surrounding cities offer promising opportunities with lower entry costs, stable rental markets, and strong demand. Areas like Raytown, Independence, Blue Springs, Lee’s Summit, Grandview, Belton, and Grain Valley all have their own unique advantages for rental property investors.
Each of these cities provides a different investment opportunity depending on your goals, whether that’s higher rental yields, property appreciation, or the stability of a well-established rental market. If you’re looking to invest in rental properties outside of Kansas City but still within the metro area, these cities are excellent choices to consider.
If you’re interested in learning more about rental property investments in the Kansas City metro area, don’t hesitate to reach out. Our team at VP Property Management is ready to help you find the perfect investment property in one of these up-and-coming cities!
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Contact Us: For more information or to discuss investment opportunities, give us a call at 816-378-0007 or email Eddie at eddie@kcvppm.com. Let's get started on your next rental property investment!