Kansas City, MO, known for its rich jazz heritage, barbecue scene, and growing downtown area, is a thriving market for short-term rentals. With diverse neighborhoods and a relatively low cost of living, the city is attractive to both tourists and investors. Here’s a detailed look at the top zip codes for short-term rental investments, highlighting gross yields, annual revenues, Zillow home values, and insights into each area.
64123: Historic Northeast
- Gross Yield: 31%
- Annual Revenue: $39,564
- Zillow Home Value: $125.8K
Zip code 64123 encompasses the Historic Northeast neighborhood, an area known for its early 20th-century architecture and diverse cultural influences. With a staggering gross yield of 31% and an impressive annual revenue of $39,564, this area offers substantial returns on investment. The Zillow home value of $125.8K indicates that properties are affordable, allowing investors to enter the market at a lower cost. The neighborhood’s proximity to downtown and its historic charm attract both tourists and renters, making it an excellent spot for short-term rental opportunities.
64128: East Side & Blue Valley
- Gross Yield: 23%
- Annual Revenue: $21,080
- Zillow Home Value: $90.1K
This zip code covers the East Side and Blue Valley areas, which have seen gradual improvement in infrastructure and community initiatives. The gross yield here is a robust 23%, with annual revenue of $21,080, making it a profitable option for investors. With the lowest Zillow home value on this list at $90.1K, this area presents an affordable opportunity for those looking to maximize their returns. The continued investment in neighborhood revitalization is driving increased interest and could lead to higher property values over time.
66101: Kansas City, Kansas
- Gross Yield: 21%
- Annual Revenue: $25,638
- Zillow Home Value: $124.6K
Zip code 66101 stretches into Kansas City, Kansas, which is part of the broader Kansas City metropolitan area. With a gross yield of 21% and annual revenue of $25,638, the area offers a balanced investment opportunity. Zillow home values average $124.6K, which makes it relatively affordable. The neighborhood is close to attractions like the Kansas Speedway and Legends Outlets, drawing visitors for both business and leisure, which boosts short-term rental demand.
