Missouri State has a median housing value of $212,300, which is significantly lower than the national median value of $338,100. Despite the lower median housing value in Missouri State, the last year saw an 8.76% appreciation rate which is higher than the national average of 8.27%. The rising housing values in Missouri State is a good sign for prospective homeowners and indicates a strong real estate market. This makes Missouri State an attractive choice to those looking for affordable homes with potential for appreciation in the future.
The median home cost in Missouri is $212,300. Home appreciation the last 10 years has been 79.0%. Home Appreciation in Missouri is up 15.4%.
Average Age of Homes
- The median age of Missouri real estate is 41 years old
The Rental Market in Missouri
- Renters make up 27.8% of the Missouri population
- 1.7% of houses and apartments in Missouri, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.