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
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Excelsior Springs HOMES|
|2000 or Newer||10.2|
|1970 - 1999||43.6|
|1940 - 1969||30.7|
|1939 or Older||15.4|
|TYPE OF Excelsior Springs HOMES|
|Small Apt. Buildings||10.7|
|SIZE OF Excelsior Springs HOMES|
|5 or more bedrooms||3.61|