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 a population of 6,435, 2,496 total housing units (homes and apartments), and a median house value of $178,754, house prices in De Soto are solidly below the national average.
Single-family detached homes are the single most common housing type in De Soto, accounting for 71.31% of the city's housing units. Other types of housing that are prevalent in De Soto include large apartment complexes or high rise apartments ( 16.34%), duplexes, homes converted to apartments or other small apartment buildings ( 7.98%), and a few row houses and other attached homes ( 2.32%).
People in De Soto primarily live in small (one, two or no bedroom) single-family detached homes. De Soto 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. De Soto's housing was primarily built during this period, from the '40s through the '60s. A full 41.07% of the city's housing hails from this era. Other housing ages represented in De Soto include homes built between 1970-1999 ( 36.07%) and housing constructed before 1939 ( 11.69%). There's also some housing in De Soto built between 2000 and later ( 11.17%).
Vacant housing appears to be an issue in De Soto. Fully 13.42% of the housing stock is classified as vacant. Left unchecked, vacant De Soto homes and apartments can be a drag on the real estate market, holding De Soto 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.
Real estate appreciation rates in De Soto's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.31% during the period.
Over the last year, De Soto appreciation rates have trailed the rest of the nation. In the last twelve months, De Soto's appreciation rate has been 2.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in De Soto were at 3.32%, which equates to an annual appreciation rate of 13.96%.
Relative to Missouri, our data show that De Soto's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.
$1,359 / per month