The story of this market
The typical home in ZIP 64020 sells for about $204,500, or $137 per square foot.
Prices are down 18.17% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $823 a month.
ZIP 64020 — Concordia
The housing market in 64020 is currently experiencing a cooling phase, evidenced by a year-over-year decline in median listing prices and a moderate inventory level. Demand remains steady but price-sensitive, with buyers showing caution in the face of broader economic uncertainty. The market is characterized by limited turnover and a reliance on local employment, keeping it insulated from the volatility seen in larger urban centers.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle who are willing to accept a longer commute for the benefit of lower housing costs.
Median prices moved down 18.2% year over year.
Homes spend a median of 68 days on market with 3.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 15.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 64020, Lafayette County MO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Concordia area are generally low and consistent with rural Lafayette County trends, remaining significantly below the Kansas City metropolitan average.
The area is served by the Concordia R-II School District, which maintains a stable reputation for small-class-size instruction and community-focused extracurricular programs.
The region faces moderate risk from severe thunderstorms and occasional high winds, with localized flood risks primarily confined to the immediate vicinity of the Blackwater River basin.
Economic momentum is driven by local agricultural support services and small-scale manufacturing, with proximity to the I-70 corridor providing access to broader regional employment hubs.
Property taxes are assessed by Lafayette County based on local millage rates that fund the school district, county services, and municipal operations; no specific special district surcharges are widely reported for this ZIP.
Commuting is primarily car-dependent, with residents utilizing I-70 for access to the Kansas City employment core, typically resulting in a 50-60 minute drive.
Local amenities include community parks, youth sports facilities, and proximity to regional outdoor recreation areas like the Missouri River access points and local golf courses.
The rental market is limited in depth, consisting primarily of single-family homes and small multi-family units with low turnover and stable, modest rent growth.
The local economy is anchored by agriculture, education, and small-scale manufacturing, with many residents commuting to the larger Kansas City metro area for employment.
Transportation is almost exclusively reliant on private vehicles, with I-70 serving as the primary artery for regional connectivity.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure rather than large-scale commercial or residential projects.
The Lafayette County Assessor manages property valuations, with assessments typically updated on a biennial cycle to reflect market changes.
Parcels are primarily subject to the Concordia R-II School District and Lafayette County general tax levies.
Property insurance premiums are stable but reflect the regional risk profile for wind and hail damage common to the Missouri plains.
Missouri is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the deed of trust system.
Missouri requires sellers to provide a property disclosure statement detailing known material defects, though the state is generally considered 'caveat emptor'.
Data retrieved from data.census.gov ZCTA 64020 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features playgrounds, picnic areas, and walking paths serving the local community.
A historic and significant anchor institution in the town.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.