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 4,545, 2,020 total housing units (homes and apartments), and a median house value of $213,951, house prices in Eldon are solidly below the national average.
Single-family detached homes are the single most common housing type in Eldon, accounting for 77.12% of the city's housing units. Other types of housing that are prevalent in Eldon include duplexes, homes converted to apartments or other small apartment buildings ( 8.77%), mobile homes or trailers ( 5.79%), and a few large apartment complexes or high rise apartments ( 5.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eldon. Owner-occupied housing accounts for 68.20% of Eldon's homes, and 50.81% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Eldon 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 Eldon built between 1940-1969 ( 21.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.65%). There's also some housing in Eldon built before 1939 ( 8.05%).
Appreciation rates for homes in Eldon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.62%, which ranks in the top 40% nationwide. This equates to an annual average Eldon house appreciation rate of 6.66%.
Appreciation rates are so strong in Eldon that despite a nationwide downturn in the housing market, Eldon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eldon appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 71.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eldon. Eldon 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 Eldon's latest annual appreciation rate is higher than 60% of the other cities and towns in Missouri.
$213,951
for Missouri
for nation
2,020
$1,210 / per month