Blue Springs, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Blue Springs Neighborhoods Since 2000




Blue Springs, MO 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

Blue Springs Housing Market Information

With a population of 54,148, 19,132 total housing units (homes and apartments), and a median house value of $176,884, Blue Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Blue Springs, accounting for 71.54% of the city's housing units. Other types of housing that are prevalent in Blue Springs include row houses and other attached homes ( 11.52%), large apartment complexes or high rise apartments ( 8.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blue Springs. Owner-occupied housing accounts for 68.92% of Blue Springs's homes, and 68.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Blue Springs built from 1970 to 1999 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 Blue Springs built between 2000 and later ( 14.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.53%). There's also some housing in Blue Springs built before 1939 ( 1.66%).

Blue Springs Home Appreciation Rates

Appreciation rates for homes in Blue Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.35%, which ranks in the top 50% nationwide. This equates to an annual average Blue Springs house appreciation rate of 0.03%.

Appreciation rates are so strong in Blue Springs that despite a nationwide downturn in the housing market, Blue Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blue Springs appreciation rates continue to be some of the highest in America, at 6.78%, which is higher than appreciation rates in 79.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blue Springs. Blue Springs appreciation rates in the latest quarter were at -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Missouri, our data show that Blue Springs's latest annual appreciation rate is higher than 90% 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 Blue Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Blue Springs - 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 Blue Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,884

Blue Springs, MO HOME PRICES

Value Range
> $1,154,000 0.2
$866,001 - $1,154,000 0.1
$577,001 - $866,000 1.0
$462,001 - $577,000 1.4
$346,001 - $462,000 3.6
$231,001 - $346,000 15.5
$116,001 - $231,000 61.2
$58,001 - $116,000 13.1
$0 - $58,000 4.0

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
39.2241884448611 19.8

Number Of Homes And Apartments:
19,132

Blue Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
24.08% 1.26% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,095 / per month

Homeownership Rate

Homeownership
Owners 68.92
Renters 31.08
Vacant 4.07

Housing Market Details

 

Age of Homes

AGE OF Blue Springs HOMES
2000 or Newer 14.7
1970 - 1999 72.1
1940 - 1969 11.5
1939 or Older 1.7

Types of Homes

TYPE OF Blue Springs HOMES
Single-Family 71.5
Townhomes 11.5
Small Apt. Buildings 7.8
Apt. Complexes 8.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Blue Springs HOMES
No Bedroom 0.14
1 Bedroom 5.61
2 Bedrooms 20.30
3 Bedrooms 49.21
4 Bedrooms 19.58
5 or more bedrooms 5.17