Fort Scott, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Scott, KS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Scott Housing Market Information

With 7,838 people, 3,184 houses or apartments, and a median cost of homes of $83,232, house prices in Fort Scott are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Scott, accounting for 75.38% of the city's housing units. Other types of housing that are prevalent in Fort Scott include large apartment complexes or high rise apartments ( 11.19%), duplexes, homes converted to apartments or other small apartment buildings ( 10.92%), and a few row houses and other attached homes ( 1.98%).

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

The housing in Fort Scott was primarily built before 1939 ( 37.90%), making the housing stock in Fort Scott some of the oldest overall in America, although there is a range of ages of homes in Fort Scott. The next most important housing age is between 1940-1969 ( 29.67%), followed by between 1970-1999 ( 29.07%). There's also some housing in Fort Scott built between 2000 and later ( 3.36%).

Vacant housing appears to be an issue in Fort Scott. Fully 20.08% of the housing stock is classified as vacant. Left unchecked, vacant Fort Scott homes and apartments can be a drag on the real estate market, holding Fort Scott 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.

Fort Scott Home Appreciation Rates

Appreciation rates for homes in Fort Scott have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.62%, which ranks in the top 40% nationwide. This equates to an annual average Fort Scott house appreciation rate of 0.74%.

Appreciation rates are so strong in Fort Scott that despite a nationwide downturn in the housing market, Fort Scott real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Scott appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 77.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Scott. Fort Scott appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that Fort Scott's latest annual appreciation rate is higher than 90% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Scott differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Scott - 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 2000, to assist you in making the best Fort Scott real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$83,232

Fort Scott, KS HOME PRICES

Value Range
> $1,047,000 0.0
$786,001 - $1,047,000 0.0
$524,001 - $786,000 0.5
$419,001 - $524,000 0.3
$314,001 - $419,000 1.2
$209,001 - $314,000 3.0
$105,001 - $209,000 28.4
$53,001 - $105,000 37.8
$0 - $53,000 28.7

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4682995429509 71.2765957446808

Number Of Homes And Apartments:
3,184

Fort Scott Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.29% 1.27% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 53.64
Renters 46.36
Vacant 20.08

Housing Market Details

 

Age of Homes

AGE OF Fort Scott HOMES
2000 or Newer 3.4
1970 - 1999 29.1
1940 - 1969 29.7
1939 or Older 37.9

Types of Homes

TYPE OF Fort Scott HOMES
Single-Family 75.4
Townhomes 2.0
Small Apt. Buildings 10.9
Apt. Complexes 11.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Fort Scott HOMES
No Bedroom 4.82
1 Bedroom 8.86
2 Bedrooms 39.06
3 Bedrooms 35.52
4 Bedrooms 8.86
5 or more bedrooms 2.89

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Zip Codes in Fort Scott, KS