Excelsior Springs, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Excelsior Springs, MO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Excelsior Springs Housing Market Information

With 11,486 people, 4,202 houses or apartments, and a median cost of homes of $92,326, house prices in Excelsior Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Excelsior Springs, accounting for 71.93% of the city's housing units. Other types of housing that are prevalent in Excelsior Springs include large apartment complexes or high rise apartments ( 14.50%), duplexes, homes converted to apartments or other small apartment buildings ( 10.67%), and a few mobile homes or trailers ( 2.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Excelsior Springs. Owner-occupied housing accounts for 65.06% of Excelsior Springs's homes, and 56.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Excelsior Springs 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 Excelsior Springs built between 1940-1969 ( 30.73%). A lesser amount of the housing stock also hails from before 1939 ( 15.42%). There's also some housing in Excelsior Springs built between 2000 and later ( 10.25%).

Vacant housing appears to be an issue in Excelsior Springs. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Excelsior Springs homes and apartments can be a drag on the real estate market, holding Excelsior Springs 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.

Excelsior Springs Home Appreciation Rates

Excelsior Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Excelsior Springs during the period has been just -0.85%, which is lower than 70% of US communities.

Over the last year, Excelsior Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Excelsior Springs's appreciation rate has been 0.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Excelsior Springs were at -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Missouri, our data show that Excelsior Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$92,326

Excelsior Springs, MO HOME PRICES

Value Range
> $1,041,000 0.4
$780,001 - $1,041,000 0.0
$520,001 - $780,000 0.0
$416,001 - $520,000 0.4
$312,001 - $416,000 1.9
$208,001 - $312,000 10.0
$104,001 - $208,000 42.4
$52,001 - $104,000 33.0
$0 - $52,000 11.9

Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
82.5090823860307 77.6

Number Of Homes And Apartments:
4,202

Excelsior Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
11.98% 0.66% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$733 / per month

Homeownership Rate

Homeownership
Owners 65.06
Renters 34.94
Vacant 10.65

Housing Market Details

 

Age of Homes

AGE OF Excelsior Springs HOMES
2000 or Newer 10.2
1970 - 1999 43.6
1940 - 1969 30.7
1939 or Older 15.4

Types of Homes

TYPE OF Excelsior Springs HOMES
Single-Family 71.9
Townhomes 0.3
Small Apt. Buildings 10.7
Apt. Complexes 14.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Excelsior Springs HOMES
No Bedroom 2.23
1 Bedroom 11.99
2 Bedrooms 25.90
3 Bedrooms 47.20
4 Bedrooms 9.06
5 or more bedrooms 3.61

Popular Neighborhoods in Excelsior Springs

Zip Codes in Excelsior Springs, MO