Charleston, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Charleston, MO Real Estate Data


Charleston Housing Market Information

With 5,815 people, 1,819 houses or apartments, and a median cost of homes of $57,833, house prices in Charleston are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Charleston, accounting for 84.15% of the city's housing units. Other types of housing that are prevalent in Charleston include duplexes, homes converted to apartments or other small apartment buildings ( 12.83%), row houses and other attached homes ( 2.57%).

The most prevalent building size and type in Charleston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.91% owning and 55.09% renting.

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. Charleston's housing was primarily built during this period, from the '40s through the '60s. A full 40.69% of the city's housing hails from this era. Other housing ages represented in Charleston include homes built between 1970-1999 ( 38.22%) and housing constructed before 1939 ( 19.70%). There's also some housing in Charleston built between 2000 and later ( 1.39%).

Charleston Home Appreciation Rates

Real estate appreciation rates in Charleston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Charleston appreciation rates have trailed the rest of the nation. In the last twelve months, Charleston's appreciation rate has been 2.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charleston were at 0.50%, which equates to an annual appreciation rate of 2.00%.

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

Relative to Missouri, our data show that Charleston's latest annual appreciation rate is lower than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$57,833

Charleston, MO HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$525,001 - $788,000 0.9
$420,001 - $525,000 0.6
$315,001 - $420,000 1.5
$210,001 - $315,000 3.6
$105,001 - $210,000 14.0
$53,001 - $105,000 36.5
$0 - $53,000 42.9

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
98.641447561047 98.8

Number Of Homes And Apartments:
1,819

Rent & Ownership

 

Average Market Rent:
$746 / per month

Homeownership Rate

Homeownership
Owners 44.91
Renters 55.09
Vacant 6.67

Housing Market Details

 

Age of Homes

AGE OF Charleston HOMES
2000 or Newer 1.4
1970 - 1999 38.2
1940 - 1969 40.7
1939 or Older 19.7

Types of Homes

TYPE OF Charleston HOMES
Single-Family 84.1
Townhomes 2.6
Small Apt. Buildings 12.8
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Charleston HOMES
No Bedroom 1.28
1 Bedroom 8.62
2 Bedrooms 34.89
3 Bedrooms 41.25
4 Bedrooms 11.95
5 or more bedrooms 2.00

Charleston 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
20.02% 1.08% 2 2
* 10 is highest

Popular Neighborhoods in Charleston

Zip Codes in Charleston, MO