Festus, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Festus, MO Real Estate Data


Festus Housing Market Information

With 12,065 people, 4,471 houses or apartments, and a median cost of homes of $150,652, Festus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Festus, accounting for 73.08% of the city's housing units. Other types of housing that are prevalent in Festus include duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), large apartment complexes or high rise apartments ( 10.14%), and a few row houses and other attached homes ( 3.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Festus. Owner-occupied housing accounts for 68.34% of Festus's homes, and 61.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Festus 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 Festus built between 1940-1969 ( 30.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.54%). There's also some housing in Festus built before 1939 ( 6.56%).

Festus Home Appreciation Rates

Festus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Festus during the period has been just -1.09%, which is lower than 70% of US communities.

Over the last year, Festus appreciation rates have trailed the rest of the nation. In the last twelve months, Festus's appreciation rate has been 4.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Festus were at 1.28%, which equates to an annual appreciation rate of 5.23%.

Relative to Missouri, our data show that Festus's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$150,652

Festus, MO HOME PRICES

Value Range
> $1,088,000 0.3
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.5
$435,001 - $544,000 0.0
$327,001 - $435,000 4.0
$218,001 - $327,000 13.4
$108,001 - $218,000 57.0
$55,001 - $108,000 19.5
$0 - $55,000 5.1

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
50.50067342039 31.2

Number Of Homes And Apartments:
4,471

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 68.34
Renters 31.66
Vacant 8.40

Housing Market Details

 

Age of Homes

AGE OF Festus HOMES
2000 or Newer 28.5
1970 - 1999 34.3
1940 - 1969 30.6
1939 or Older 6.6

Types of Homes

TYPE OF Festus HOMES
Single-Family 73.1
Townhomes 3.8
Small Apt. Buildings 10.5
Apt. Complexes 10.1
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Festus HOMES
No Bedroom 1.35
1 Bedroom 4.96
2 Bedrooms 30.44
3 Bedrooms 45.09
4 Bedrooms 15.94
5 or more bedrooms 2.21

Festus 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
19.28% 1.04% 2 2
* 10 is highest