Kirksville, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kirksville, 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

Kirksville Housing Market Information

With a population of 17,520, 6,555 total housing units (homes and apartments), and a median house value of $117,256, house prices in Kirksville are solidly below the national average.

Single-family detached homes are the single most common housing type in Kirksville, accounting for 53.28% of the city's housing units. Other types of housing that are prevalent in Kirksville include duplexes, homes converted to apartments or other small apartment buildings ( 23.20%), large apartment complexes or high rise apartments ( 14.70%), and a few mobile homes or trailers ( 5.58%).

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

There is a lot of housing in Kirksville 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 Kirksville built between 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from before 1939 ( 18.79%). There's also some housing in Kirksville built between 2000 and later ( 11.24%).

Vacant housing appears to be an issue in Kirksville. Fully 13.74% of the housing stock is classified as vacant. Left unchecked, vacant Kirksville homes and apartments can be a drag on the real estate market, holding Kirksville 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.

Kirksville Home Appreciation Rates

Appreciation rates for homes in Kirksville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.11%, which ranks in the top 50% nationwide. This equates to an annual average Kirksville house appreciation rate of 0.21%.

Over the last year, Kirksville appreciation rates have trailed the rest of the nation. In the last twelve months, Kirksville's appreciation rate has been 1.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kirksville were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Kirksville's latest annual appreciation rate is lower than 70% 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 Kirksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kirksville - 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 Kirksville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,256

Kirksville, MO HOME PRICES

Value Range
> $1,056,000 0.1
$792,001 - $1,056,000 0.0
$528,001 - $792,000 0.7
$422,001 - $528,000 1.9
$317,001 - $422,000 2.6
$211,001 - $317,000 10.5
$106,001 - $211,000 33.4
$53,001 - $106,000 34.5
$0 - $53,000 16.3

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
67.0455877182703 54.4

Number Of Homes And Apartments:
6,555

Kirksville 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
20.25% 1.07% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$694 / per month

Homeownership Rate

Homeownership
Owners 37.16
Renters 62.84
Vacant 13.74

Housing Market Details

 

Age of Homes

AGE OF Kirksville HOMES
2000 or Newer 11.2
1970 - 1999 45.9
1940 - 1969 24.1
1939 or Older 18.8

Types of Homes

TYPE OF Kirksville HOMES
Single-Family 53.3
Townhomes 3.2
Small Apt. Buildings 23.2
Apt. Complexes 14.7
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Kirksville HOMES
No Bedroom 2.53
1 Bedroom 16.54
2 Bedrooms 36.29
3 Bedrooms 29.24
4 Bedrooms 10.59
5 or more bedrooms 4.80