Joplin, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Joplin Neighborhoods Since 2000




Joplin, 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

Joplin Housing Market Information

With a population of 51,818, 20,930 total housing units (homes and apartments), and a median house value of $118,452, house prices in Joplin are solidly below the national average.

Single-family detached homes are the single most common housing type in Joplin, accounting for 74.74% of the city's housing units. Other types of housing that are prevalent in Joplin include duplexes, homes converted to apartments or other small apartment buildings ( 11.13%), large apartment complexes or high rise apartments ( 10.34%), and a few row houses and other attached homes ( 2.27%).

The most prevalent building size and type in Joplin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.73% owning and 45.27% renting.

There is a lot of housing in Joplin 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 Joplin built between 1940-1969 ( 28.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.70%). There's also some housing in Joplin built before 1939 ( 17.41%).

Vacant housing appears to be an issue in Joplin. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Joplin homes and apartments can be a drag on the real estate market, holding Joplin 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.

Joplin Home Appreciation Rates

Appreciation rates for homes in Joplin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.37%, which ranks in the top 40% nationwide. This equates to an annual average Joplin house appreciation rate of 0.52%.

Over the last year, Joplin appreciation rates have trailed the rest of the nation. In the last twelve months, Joplin's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Joplin were at -2.11%, which equates to an annual appreciation rate of -8.18%.

Notably, Joplin's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Joplin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Joplin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Joplin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$118,452

Joplin, MO HOME PRICES

Value Range
> $1,047,000 0.4
$785,001 - $1,047,000 0.1
$523,001 - $785,000 1.0
$418,001 - $523,000 1.1
$314,001 - $418,000 1.8
$209,001 - $314,000 6.7
$104,001 - $209,000 40.4
$52,001 - $104,000 36.1
$0 - $52,000 12.4

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
66.4127504980663 53.8

Number Of Homes And Apartments:
20,930

Joplin 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
28.95% 1.48% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$915 / per month

Homeownership Rate

Homeownership
Owners 54.73
Renters 45.27
Vacant 13.16

Housing Market Details

 

Age of Homes

AGE OF Joplin HOMES
2000 or Newer 20.7
1970 - 1999 33.0
1940 - 1969 28.9
1939 or Older 17.4

Types of Homes

TYPE OF Joplin HOMES
Single-Family 74.7
Townhomes 2.3
Small Apt. Buildings 11.1
Apt. Complexes 10.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Joplin HOMES
No Bedroom 1.60
1 Bedroom 11.54
2 Bedrooms 32.93
3 Bedrooms 39.71
4 Bedrooms 11.02
5 or more bedrooms 3.19