1031 Exchange in Joplin MSA
The Joplin MSA offers attractive 1031 exchange opportunities with strong cap rates, affordable property values, and stable employment anchored by manufacturing, healthcare, and transportation sectors in southwest Missouri.
Population
202,000
Key Industries
Manufacturing (TAMKO), Healthcare (Freeman), Transportation/Logistics
Table of Contents
Information is for educational purposes only. Consult qualified professionals for specific advice.
Local Tax Considerations
Property taxes, transfer taxes, and local incentives
Property Tax Rates
Average Rate
0.85% - 0.95%
Assessment Method
Assessed Value (Missouri Property Tax Code)
MSA rate (0.89%) vs State average (0.91%)
-2% below state average
Transfer Taxes & Fees
Transfer Tax Rate
No state transfer tax
Local recording fees and title insurance costs apply
Local Tax Incentives
Missouri Economic Development Incentives
Various state incentives for business development and job creation
Eligibility: Qualifying commercial and industrial developments
Joplin Economic Development
Local incentives for business expansion and retention
Eligibility: Companies creating jobs and investing in the area
Opportunity Zones
Number of Zones
1
Key Locations
- Downtown Joplin
Opportunity Zones offer significant tax benefits for long-term investments, including deferral and potential elimination of capital gains taxes.
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Market Profile Dashboard
Economic indicators and market trends
Population
202,000
Growth: +1.2% annually
Median Income
$60,146
Unemployment
3.8%
Job Growth
+2.5% annually
Economic Drivers
Market Trends
Median Home Price
$180,000 - $220,000
Average Rent
$985/mo
Cap Rates
8.5% - 11.0%
Demographics
Median Age
38.2 years
Bachelor's Degree+
28.5%
Owner Occupied
65.8%
Property Type Analysis
Investment opportunities by asset class
Multifamily
Strong demand driven by manufacturing workers, healthcare professionals, and Missouri Southern students with stable employment base.
Market Metrics
- Cap Rates: 9.8%
- Vacancy Trends: Low vacancy at 8.2% due to manufacturing and healthcare employment
- Demand Forecast: Stable demand from Freeman Health growth and manufacturing expansion
Risk Factors
- Dependence on manufacturing sector performance
- Economic cycles affecting industrial employment
Opportunities
- Freeman Health System employment growth
- TAMKO and manufacturing employment stability
Single-Family Rental
Popular with manufacturing workers, healthcare professionals, and families seeking affordable housing.
Market Metrics
- Cap Rates: 10.5%
- Vacancy Trends: Very low vacancy at 6.2% with excellent tenant retention
- Demand Forecast: Strong fundamentals with manufacturing and healthcare employment base
Risk Factors
- Manufacturing sector economic cycles
- Competition from affordable homeownership
Opportunities
- High rental yields (8.5-11%)
- Affordable acquisition costs
Neighborhood Spotlights
Up-and-coming areas and investment hotspots
Downtown Joplin
Historic downtown core with opportunity zone designation and ongoing revitalization
Investment Thesis
Opportunity zone benefits, downtown revitalization, and potential for appreciation as development continues.
Median Price
$145,000
Price Growth
+4.2% YoY
Rental Yield
11.5%
Days on Market
38 days
Key Highlights
Development Pipeline
Downtown revitalization and mixed-use development projects
Medical District
Area surrounding Freeman Health System with healthcare worker housing
Investment Thesis
Healthcare worker housing demand, Freeman Health employment stability, and medical facility expansion.
Median Price
$195,000
Price Growth
+3.8% YoY
Rental Yield
9.8%
Days on Market
32 days
Key Highlights
Development Pipeline
Healthcare facility expansion and professional housing
Industrial Corridor
Manufacturing area with worker housing near TAMKO and other industrial employers
Investment Thesis
Manufacturing worker housing demand, TAMKO employment stability, and industrial growth.
Median Price
$165,000
Price Growth
+5.5% YoY
Rental Yield
10.8%
Days on Market
42 days
Key Highlights
Development Pipeline
Industrial expansion and worker housing development
South Joplin
Growing suburban area with family amenities and newer development
Investment Thesis
Family rental market, newer housing stock, and appeal to professionals and skilled workers.
Median Price
$235,000
Price Growth
+2.8% YoY
Rental Yield
8.5%
Days on Market
28 days
Key Highlights
Development Pipeline
Suburban residential and commercial development
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Compare Markets
See how this MSA stacks up against others
Compare Markets
| Metric | Joplin (Current) | Springfield Mo | Fayetteville | Tulsa |
|---|---|---|---|---|
| Population | 4.0M | 4.0M | 4.0M | 4.0M |
| Median Property Price | $750K | $750K | $750K | $750K |
| Average Cap Rate | 5.2% | 5.2% | 5.2% | 5.2% |
| Job Growth Rate | 2.1% | 2.1% | 2.1% | 2.1% |
| Rental Yield | 4.8% | 4.8% | 4.8% | 4.8% |
| Days on Market | 25 | 25 | 25 | 25 |
Frequently Asked Questions
Common questions about Joplin 1031 exchanges
Joplin offers excellent cap rates (8.5-11%), affordable property values ($180K-$220K median), competitive property taxes (0.89% vs. 1.02% national), stable manufacturing and healthcare employment, and strategic location for transportation/logistics.
Manufacturing provides 16,578 jobs (largest sector) with TAMKO Building Products as anchor, while healthcare employs 14,114 workers through Freeman Health System. Both sectors offer stable, well-paying jobs supporting consistent rental demand and tenant quality.
Yes, downtown Joplin has opportunity zone designation, offering potential tax benefits for qualifying investments including deferral and possible exclusion of capital gains for long-term investments.
The economy is anchored by manufacturing (16,578 workers), healthcare (14,114 workers), transportation/logistics (13.1% of employment), retail trade, and Missouri Southern State University, providing diversified employment base.
Missouri offers competitive property taxes (0.89% vs. 1.02% national), no state transfer tax, business-friendly policies, and strategic location for transportation/logistics. The manufacturing and healthcare presence provides stable employment supporting strong rental returns.