Cuba, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cuba Neighborhoods Since 2000




Cuba, MO Real Estate Data


Cuba Housing Market Information

With 3,374 people, 1,145 houses or apartments, and a median cost of homes of $111,991, house prices in Cuba are solidly below the national average.

Single-family detached homes are the single most common housing type in Cuba, accounting for 69.05% of the city's housing units. Other types of housing that are prevalent in Cuba include large apartment complexes or high rise apartments ( 12.57%), duplexes, homes converted to apartments or other small apartment buildings ( 10.27%), and a few mobile homes or trailers ( 6.10%).

The most prevalent building size and type in Cuba are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.61% owning and 43.39% renting.

There is a lot of housing in Cuba 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 Cuba built between 1940-1969 ( 31.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.17%). There's also some housing in Cuba built before 1939 ( 7.74%).

Vacant housing appears to be an issue in Cuba. Fully 14.81% of the housing stock is classified as vacant. Left unchecked, vacant Cuba homes and apartments can be a drag on the real estate market, holding Cuba 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.

Cuba Home Appreciation Rates

Appreciation rates for homes in Cuba have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.78%, which ranks in the top 40% nationwide. This equates to an annual average Cuba house appreciation rate of 0.75%.

Over the last year, Cuba appreciation rates have trailed the rest of the nation. In the last twelve months, Cuba's appreciation rate has been 3.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cuba were at 0.50%, which equates to an annual appreciation rate of 2.00%.

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

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

Average Home Values

 

Median Home Value:
$111,991

Cuba, MO HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.0
$530,001 - $794,000 2.3
$424,001 - $530,000 0.8
$318,001 - $424,000 4.6
$212,001 - $318,000 2.7
$106,001 - $212,000 48.6
$53,001 - $106,000 35.8
$0 - $53,000 5.1

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
71.1600398196404 58.0

Number Of Homes And Apartments:
1,145

Rent & Ownership

 

Average Market Rent:
$682 / per month

Homeownership Rate

Homeownership
Owners 56.61
Renters 43.39
Vacant 14.81

Housing Market Details

 

Age of Homes

AGE OF Cuba HOMES
2000 or Newer 22.2
1970 - 1999 38.5
1940 - 1969 31.5
1939 or Older 7.7

Types of Homes

TYPE OF Cuba HOMES
Single-Family 69.0
Townhomes 2.0
Small Apt. Buildings 10.3
Apt. Complexes 12.6
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Cuba HOMES
No Bedroom 1.12
1 Bedroom 10.42
2 Bedrooms 31.99
3 Bedrooms 50.00
4 Bedrooms 4.24
5 or more bedrooms 2.23

Cuba 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
46.49% 2.27% 8 6
* 10 is highest

Zip Codes in Cuba, MO