Festus, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Festus Neighborhoods Since 2000




Festus, 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

Festus Housing Market Information

With a population of 12,065, 4,745 total housing units (homes and apartments), and a median house value of $148,493, 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 70.83% 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 ( 12.69%), large apartment complexes or high rise apartments ( 10.01%), and a few row houses and other attached homes ( 3.84%).

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 65.04% of Festus's homes, and 60.09% 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 2000 and later ( 29.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.95%). There's also some housing in Festus built before 1939 ( 7.48%).

Vacant housing appears to be an issue in Festus. Fully 11.09% of the housing stock is classified as vacant. Left unchecked, vacant Festus homes and apartments can be a drag on the real estate market, holding Festus 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.

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 -1.03%, 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 2.45%, 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 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Missouri, our data show that Festus's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$148,493

Festus, MO HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.0
$543,001 - $814,000 0.5
$435,001 - $543,000 0.0
$326,001 - $435,000 5.3
$217,001 - $326,000 16.1
$109,001 - $217,000 54.9
$54,001 - $109,000 19.4
$0 - $54,000 3.8

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
50.7383100902379 31.4

Number Of Homes And Apartments:
4,745

Festus 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
19.38% 1.03% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 65.04
Renters 34.96
Vacant 11.09

Housing Market Details

 

Age of Homes

AGE OF Festus HOMES
2000 or Newer 29.9
1970 - 1999 33.7
1940 - 1969 28.9
1939 or Older 7.5

Types of Homes

TYPE OF Festus HOMES
Single-Family 70.8
Townhomes 3.8
Small Apt. Buildings 12.7
Apt. Complexes 10.0
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Festus HOMES
No Bedroom 1.37
1 Bedroom 6.73
2 Bedrooms 29.79
3 Bedrooms 45.66
4 Bedrooms 14.43
5 or more bedrooms 2.02