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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,397 people, 2,438 houses or apartments, and a median cost of homes of $173,878, house prices in Cadet are solidly below the national average.
Single-family detached homes are the single most common housing type in Cadet, accounting for 63.58% of the town's housing units. Other types of housing that are prevalent in Cadet include mobile homes or trailers ( 32.47%), duplexes, homes converted to apartments or other small apartment buildings ( 2.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cadet. Owner-occupied housing accounts for 78.92% of Cadet's homes, and 67.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cadet 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 Cadet built between 2000 and later ( 29.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.70%). There's also some housing in Cadet built before 1939 ( 2.11%).
Vacant housing appears to be an issue in Cadet. Fully 13.40% of the housing stock is classified as vacant. Left unchecked, vacant Cadet homes and apartments can be a drag on the real estate market, holding Cadet 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.
Appreciation rates for homes in Cadet have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.54%, which ranks in the top 50% nationwide. This equates to an annual average Cadet house appreciation rate of 6.26%.
Appreciation rates are so strong in Cadet that despite a nationwide downturn in the housing market, Cadet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cadet appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 71.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cadet. Cadet appreciation rates in the latest quarter were at 0.31%, which equates to an annual appreciation rate of 1.23%.
Relative to Missouri, our data show that Cadet's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.
$173,878
for Missouri
for nation
2,438
$1,049 / per month