Gravois Mills appreciation rates and housing market information

Gravois Mills housing market information

With a population of 192, 125 total housing units (homes and apartments), and a median house value of $34,625, house prices in Gravois Mills are some of the most affordable in Missouri as well as the nation.

mobile homes or trailers are the single most common housing type in Gravois Mills, accounting for 52.00% of the town's housing units. Other types of housing that are prevalent in Gravois Mills include single-family detached homes (38.40%), and a few row houses and other attached homes (6.40%).

Dwellings in Gravois Mills tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 75.20% of the homes in Gravois Mills have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gravois Mills's housing was primarily built during this period, from the '40s through the '60s. A full 43.20% of the town's housing hails from this era. Other housing ages represented in Gravois Mills include homes built between 1970-1994 (41.60%), and housing constructed from 1995 and later (11.20%). There's also some housing in Gravois Mills built between 1939 and earlier (4.00%).

Gravois Mills home appreciation rates

In the last 10 years, Gravois Mills has experienced some of the highest home appreciation rates of any community in the nation. Gravois Mills real estate appreciated 236.07% over the last ten years, which is an average annual home appreciation rate of 23.60%, putting Gravois Mills in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gravois Mills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Gravois Mills that despite a nationwide downturn in the housing market, Gravois Mills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gravois Mills appreciation rates continue to be some of the highest in America, at 19.69%, which is higher than appreciation rates in 100% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gravois Mills. Gravois Mills appreciation rates in the latest quarter were at 4.63%, which equates to an annual appreciation rate of 18.52%.

Importantly, this makes Gravois Mills one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Missouri, our data show that Gravois Mills's latest annual appreciation rate is higher than 100% of the other cities and towns in Missouri.