Are you looking to invest in Joplin, Missouri?
Joplin is located on the 44 and 71 highways along the Kansas- Missouri state line. Its location has made it a prime target for investors and job seekers, growing into a regional commercial center for the four surrounding state areas: Arkansas, Kansas, Oklahoma, and Missouri.
Its growth in regional and international operations can be credited to its low cost of living and improved infrastructure. Several businesses choose Joplin to carry out their operations due to its favorable business conditions. Businesses in Joplin range from tech startups to food production, ecommerce as well as building products.
How could we forget Joplin’s status as the regional transportation hub in the area? The southwestern Missouri city has a thriving transportation industry. Joplin is well known for its trucking companies and distribution centers that provide services to the entire country.
The area is also known for its top-notch educational centers, which provide quality education for the region. Renowned schools in the region include Missouri Southern State University, Ozark Christian College, and the new Kansas City University- Joplin Campus that is the first medical school in Missouri in over fifty years; a new College of Dental Medicine is also underway.
Over the past decades, Joplin has transformed into an affordable yet urban lifestyle that offers entrepreneurial, career and educational opportunities. In addition, it also has a vibrant cultural and recreational scene that keeps households and tourist engaged during the holiday season.
In this article, the team at Pro X Property Management will go over the areas in Joplin that you could consider for your next property investment. You’ll learn about the neighborhoods that can bring the best returns as a real estate investor.
Best Neighborhoods in Joplin, MO
Silver Creek
Silver Creek is made up of single-family homes and apartments. On average, most homes are medium sized, meaning three to four bedrooms. Most homeowners and renters in Silver Creek are employed in executive and management positions in the city.
The neighborhood is generally supporting residents of a middle-income. A recent study on the area reports that the neighborhood’s earning is a bit higher than the average income in most American neighborhoods. As a real estate investor, this should be music to your ears.
Neighborhoods across America are known for their cultural and traditional elements. Each has its own unique lifestyle that influences the types of households that live in it. Silver Creek doesn’t follow the norm. It has a diverse culture with people of German, Irish, English and even Dutch roots calling the neighborhood home.
In terms of transportation, residents often drive to work in their vehicles. A smaller population spends about 15 minutes commuting to work or carpooling with friends and family to move about.
Oakland Park
This is a suburban neighborhood in Joplin area, made up of medium to small sized single-family homes and mobile homes. The population is comprised of middle-income earners, meaning that the crime rate in the area will be low.
Demand for real estate in Oakland Park is above average, meaning that the number of prospective tenants beats the housing supply in the neighborhood. As a prospective Joplin investor, these are some of the elements that you should look out for.
It is said that the type of occupation in a neighborhood shape the character of the community. A huge number of the population holds executive and professional occupations. This is followed closely by those working in sales and service jobs such as sales accounts and fast-food restaurants.
The transportation system in the area is convenient, with most people using bus services to get to their places of work.
Grand Falls Plaza
Also known as the Messenger College, the Grand Falls Plaza is another popular neighborhood in Joplin, Missouri. If price is a key factor in your choice for rental investment properties, we recommend choosing a property from Grand Falls Plaza.
A neighborhood is often far different if it is dominated by enlisted military personnel rather than people who earn their living through activities such as farming. What is beautiful about this neighborhood is the diversity it provides in its population. Different people can live together in harmony and grow in Grand Falls Plaza.
As can be deduced from the name, there is a very scenic destination in the proximity of this neighborhood. The Grand Falls in Missouri is a beautiful and natural waterfall. It is often the destination of many local tourists on an annual basis.
Property owners in the area can choose to lease their property as short-term rentals and take advantage of the tourists’ presence during peak season.
Iron Gates
Iron Gates is one of the ‘younger’ neighborhoods in the area. As a result, you will a mix of everything; from small studio apartments to medium sized (three to four bed roomed) homes. Its wide range of housing options is what makes it such a good choice for investment.
The houses here have a newer and modern feel compared to those in other neighborhoods in Joplin. As a result, you should expect to pay a little bit more. Iron Gates median real estate price is more expensive than almost half of the neighborhoods in Missouri. Another contributor to the higher price tag is its tight security and low crime rate levels.
Final Thoughts
Joplin is a region that allows you as an investor to pick from an array of housing options that suit your investment goals and financial constraints. With a promising environment, your real estate investment has the potential to grow and offer significant returns in the future.
If you are looking to invest in Joplin, please consider Iron Gates, Silver Creek, Grand Falls Plaza and Oakland Park. To help you navigate the waters, we at Pro X Property Management are ready to provide advice and real estate services whenever needed. Do not hesitate to reach out for help on your investment endeavors in Joplin. Contact us today!
