Sunset Hills appreciation rates and housing market information

Sunset Hills housing market information

With 8,148 people, 3,332 houses or apartments, and a median cost of homes of $379,937, Sunset Hills house prices are not only among the most expensive in Missouri, Sunset Hills real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Sunset Hills, accounting for 84.27% of the city's housing units. Other types of housing that are prevalent in Sunset Hills include large apartment complexes or high rise apartments (9.90%), row houses and other attached homes (3.60%), duplexes, homes converted to apartments, or other small apartment buildings (1.35%), and a few mobile homes or trailers (0.87%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Sunset Hills. Owner-occupied housing accounts for 81.48% of Sunset Hills's homes, and 67.55% have either three or four bedrooms, which is average sized relative to America.

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. Sunset Hills's housing was primarily built during this period, from the '40s through the '60s. A full 43.19% of the city's housing hails from this era. Other housing ages represented in Sunset Hills include homes built between 1970-1994 (40.52%), and housing constructed from 1939 and earlier (9.24%). There's also some housing in Sunset Hills built between 1995 and later (7.05%).

Sunset Hills home appreciation rates

Real estate appreciation rates in Sunset Hills have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sunset Hills home appreciation rates, at -0.28%, have been at or slightly above the national average. In the latest quarter, Sunset Hills's appreciation rate has been 0.18%, which annualizes to a rate of 0.72%.

Relative to Missouri, our data show that Sunset Hills's latest annual appreciation rate is higher than 13% of the other cities and towns in Missouri.