O Fallon appreciation rates and housing market information

O Fallon housing market information

With 57,473 people, 19,952 houses or apartments, and a median cost of homes of $240,795, O Fallon real estate is some of the most expensive in Missouri, although O Fallon home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in O Fallon, accounting for 81.58% of the town's housing units. Other types of housing that are prevalent in O Fallon include mobile homes or trailers (8.21%), large apartment complexes or high rise apartments (4.63%), row houses and other attached homes (4.15%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.36%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in O Fallon. Owner-occupied housing accounts for 87.15% of O Fallon's homes, and 80.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in O Fallon built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in O Fallon built from 1995 and later (35.64%). A lesser amount of the housing stock also hails from 1940-1969 (9.84%), and some were built from 1939 and earlier (9.84%).

O Fallon home appreciation rates

Real estate appreciation rates in O Fallon have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.74% during the period.

NeighborhoodScout's data show that during the latest twelve months, O Fallon home appreciation rates, at 0.67%, have been at or slightly above the national average. In the latest quarter, O Fallon's appreciation rate has been 0.42%, which annualizes to a rate of 1.68%.

Relative to Missouri, our data show that O Fallon's latest annual appreciation rate is higher than 18% 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 town. Individual neighborhoods within O Fallon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in O Fallon - 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 O Fallon real estate investment or home purchase decisions.