Kennett, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kennett Neighborhoods Since 2000




Kennett, 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

Kennett Housing Market Information

With a population of 10,662, 4,342 total housing units (homes and apartments), and a median house value of $93,587, house prices in Kennett are solidly below the national average.

Single-family detached homes are the single most common housing type in Kennett, accounting for 78.31% of the city's housing units. Other types of housing that are prevalent in Kennett include duplexes, homes converted to apartments or other small apartment buildings ( 13.96%), large apartment complexes or high rise apartments ( 3.50%), and a few mobile homes or trailers ( 3.37%).

People in Kennett primarily live in small (one, two or no bedroom) single-family detached homes. Kennett has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kennett's housing was primarily built during this period, from the '40s through the '60s. A full 45.42% of the city's housing hails from this era. Other housing ages represented in Kennett include homes built between 1970-1999 ( 34.50%) and housing constructed before 1939 ( 13.57%). There's also some housing in Kennett built between 2000 and later ( 6.52%).

Vacant housing appears to be an issue in Kennett. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Kennett homes and apartments can be a drag on the real estate market, holding Kennett 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.

Kennett Home Appreciation Rates

Kennett's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kennett during the period has been just -0.87%, which is lower than 70% of US communities.

Over the last year, Kennett appreciation rates have trailed the rest of the nation. In the last twelve months, Kennett's appreciation rate has been -1.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kennett were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Kennett's latest annual appreciation rate is lower than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$93,587

Kennett, MO HOME PRICES

Value Range
> $1,026,000 0.2
$770,001 - $1,026,000 0.6
$513,001 - $770,000 0.3
$411,001 - $513,000 1.0
$308,001 - $411,000 1.8
$205,001 - $308,000 11.2
$103,001 - $205,000 25.5
$51,001 - $103,000 40.0
$0 - $51,000 19.4

Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
81.6125629907418 76.4

Number Of Homes And Apartments:
4,342

Kennett 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
15.41% 0.83% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 55.07
Renters 44.93
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Kennett HOMES
2000 or Newer 6.5
1970 - 1999 34.5
1940 - 1969 45.4
1939 or Older 13.6

Types of Homes

TYPE OF Kennett HOMES
Single-Family 78.3
Townhomes 0.9
Small Apt. Buildings 14.0
Apt. Complexes 3.5
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Kennett HOMES
No Bedroom 0.99
1 Bedroom 9.60
2 Bedrooms 39.27
3 Bedrooms 40.56
4 Bedrooms 9.05
5 or more bedrooms 0.53

Zip Codes in Kennett, MO