Joplin appreciation rates and housing market information

Joplin housing market information

With 45,566 people, 21,362 houses or apartments, and a median cost of homes of $108,279, house prices in Joplin are solidly below the national average.

single-family detached homes are the single most common housing type in Joplin, accounting for 73.73% of the city's housing units. Other types of housing that are prevalent in Joplin include large apartment complexes or high rise apartments (10.89%), duplexes, homes converted to apartments, or other small apartment buildings (10.87%), row houses and other attached homes (2.78%), and a few mobile homes or trailers (1.64%).

People in Joplin primarily live in small (one, two, or no bedroom) single-family detached homes. Joplin has a mixture of owner-occupied and renter-occupied housing.

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. Joplin's housing was primarily built during this period, from the '40s through the '60s. A full 37.59% of the city's housing hails from this era. Other housing ages represented in Joplin include homes built between 1970-1994 (31.93%), and housing constructed from 1939 and earlier (21.20%). There's also some housing in Joplin built between 1995 and later (9.28%).

Vacant housing appears to be an issue in Joplin. Fully 10.33% of the housing stock is classified as vacant. Left unchecked, vacant Joplin homes and apartments can be a drag on the real estate market, holding Joplin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Joplin home appreciation rates

Joplin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Joplin during the period has been just 5.76%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Joplin home appreciation rates, at 2.05%, have been at or slightly above the national average. In the latest quarter, Joplin's appreciation rate has been 2.92%, which annualizes to a rate of 11.68%.

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

Relative to Missouri, our data show that Joplin's latest annual appreciation rate is higher than 31% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Joplin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Joplin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Joplin real estate investment or home purchase decisions.