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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chillicothe, MO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chillicothe, MO Housing Market Trends

With 8,927 people, 3,466 houses or apartments, and a median cost of homes of $185,954, house prices in Chillicothe are solidly below the national average.

Single-family detached homes are the single most common housing type in Chillicothe, accounting for 77.98% of the city's housing units. Other types of housing that are prevalent in Chillicothe include duplexes, homes converted to apartments or other small apartment buildings ( 11.80%), mobile homes or trailers ( 5.06%), and a few large apartment complexes or high rise apartments ( 2.83%).

The most prevalent building size and type in Chillicothe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.95% owning and 48.05% 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. Chillicothe's housing was primarily built during this period, from the '40s through the '60s. A full 46.14% of the city's housing hails from this era. Other housing ages represented in Chillicothe include homes built between 1970-1999 ( 31.22%) and housing constructed before 1939 ( 13.74%). There's also some housing in Chillicothe built between 2000 and later ( 8.90%).

Vacant housing appears to be an issue in Chillicothe. Fully 14.06% of the housing stock is classified as vacant. Left unchecked, vacant Chillicothe homes and apartments can be a drag on the real estate market, holding Chillicothe 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.

Chillicothe Home Appreciation Rates

Real estate appreciation rates in Chillicothe's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.

Appreciation rates are so strong in Chillicothe that despite a nationwide downturn in the housing market, Chillicothe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chillicothe appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 70.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chillicothe. Chillicothe 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 Chillicothe's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$185,954

Chillicothe, MO Home Prices
> $1,404,000
$1,053,001 - $1,404,000
$702,001 - $1,053,000
$562,001 - $702,000
$421,001 - $562,000
$281,001 - $421,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.0%
0.0%
0.4%
0.4%
3.4%
3.4%
2.2%
2.2%
6.3%
6.3%
14.4%
14.4%
32.0%
32.0%
33.6%
33.6%
7.6%
7.6%
0% 100.0%
% of Homes
Low

for Missouri

Low

for nation

Number of Homes And Apartments:

3,466

Chillicothe Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,190 / per month

Homeownership Rate

Owners
Renters
52.0%
52.0%
48.0%
48.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.1%
14.1%
85.9%
85.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
31.2%
31.2%
46.1%
46.1%
13.7%
13.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.0%
78.0%
2.2%
2.2%
11.8%
11.8%
2.8%
2.8%
5.1%
5.1%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
6.9%
6.9%
33.9%
33.9%
41.3%
41.3%
13.4%
13.4%
3.7%
3.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Chillicothe

Popular Communities Near Chillicothe, MO

Zip Codes in Chillicothe, MO