Caruthersville, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Caruthersville, MO Real Estate Data


Caruthersville Housing Market Information

With a population of 5,930, 2,544 total housing units (homes and apartments), and a median house value of $96,217, house prices in Caruthersville are solidly below the national average.

Single-family detached homes are the single most common housing type in Caruthersville, accounting for 70.91% of the city's housing units. Other types of housing that are prevalent in Caruthersville include duplexes, homes converted to apartments or other small apartment buildings ( 16.77%), large apartment complexes or high rise apartments ( 8.70%), and a few mobile homes or trailers ( 2.62%).

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

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. Caruthersville's housing was primarily built during this period, from the '40s through the '60s. A full 52.21% of the city's housing hails from this era. Other housing ages represented in Caruthersville include homes built between 1970-1999 ( 31.09%) and housing constructed between 2000 and later ( 8.70%). There's also some housing in Caruthersville built before 1939 ( 8.01%).

Vacant housing appears to be an issue in Caruthersville. Fully 12.22% of the housing stock is classified as vacant. Left unchecked, vacant Caruthersville homes and apartments can be a drag on the real estate market, holding Caruthersville 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.

Caruthersville Home Appreciation Rates

In the last 10 years, Caruthersville has experienced some of the highest home appreciation rates of any community in the nation. Caruthersville real estate appreciated 20.90% over the last ten years, which is an average annual home appreciation rate of 1.92%, putting Caruthersville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Caruthersville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Caruthersville appreciation rates have trailed the rest of the nation. In the last twelve months, Caruthersville's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Caruthersville were at 0.50%, which equates to an annual appreciation rate of 2.00%.

Notably, Caruthersville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Missouri, our data show that Caruthersville's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$96,217

Caruthersville, MO HOME PRICES

Value Range
> $1,107,000 0.0
$830,001 - $1,107,000 0.0
$554,001 - $830,000 0.0
$443,001 - $554,000 0.9
$332,001 - $443,000 2.6
$221,001 - $332,000 7.3
$111,001 - $221,000 19.5
$55,001 - $111,000 41.1
$0 - $55,000 28.5

Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3023364759618 75.2

Number Of Homes And Apartments:
2,544

Rent & Ownership

 

Average Market Rent:
$768 / per month

Homeownership Rate

Homeownership
Owners 48.54
Renters 51.46
Vacant 12.22

Housing Market Details

 

Age of Homes

AGE OF Caruthersville HOMES
2000 or Newer 8.7
1970 - 1999 31.1
1940 - 1969 52.2
1939 or Older 8.0

Types of Homes

TYPE OF Caruthersville HOMES
Single-Family 70.9
Townhomes 1.0
Small Apt. Buildings 16.8
Apt. Complexes 8.7
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Caruthersville HOMES
No Bedroom 1.21
1 Bedroom 12.18
2 Bedrooms 39.37
3 Bedrooms 36.96
4 Bedrooms 7.11
5 or more bedrooms 3.17

Caruthersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
50.50% 2.43% 8 6
* 10 is highest

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