Monett, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monett, 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

Monett Housing Market Information

With 8,988 people, 3,096 houses or apartments, and a median cost of homes of $122,844, house prices in Monett are solidly below the national average.

Single-family detached homes are the single most common housing type in Monett, accounting for 80.21% of the city's housing units. Other types of housing that are prevalent in Monett include duplexes, homes converted to apartments or other small apartment buildings ( 11.98%), large apartment complexes or high rise apartments ( 6.20%), and a few mobile homes or trailers ( 1.07%).

The most prevalent building size and type in Monett are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.35% owning and 37.65% renting.

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. Monett's housing was primarily built during this period, from the '40s through the '60s. A full 30.43% of the city's housing hails from this era. Other housing ages represented in Monett include homes built between 1970-1999 ( 29.61%) and housing constructed before 1939 ( 21.08%). There's also some housing in Monett built between 2000 and later ( 18.89%).

Vacant housing appears to be an issue in Monett. Fully 15.13% of the housing stock is classified as vacant. Left unchecked, vacant Monett homes and apartments can be a drag on the real estate market, holding Monett 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.

Monett Home Appreciation Rates

Real estate appreciation rates in Monett's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Appreciation rates are so strong in Monett that despite a nationwide downturn in the housing market, Monett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Monett appreciation rates continue to be some of the highest in America, at 7.25%, which is higher than appreciation rates in 82.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Monett. Monett appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$122,844

Monett, MO HOME PRICES

Value Range
> $1,100,000 0.6
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 0.3
$330,001 - $440,000 3.7
$220,001 - $330,000 12.2
$110,001 - $220,000 36.1
$55,001 - $110,000 28.5
$0 - $55,000 18.5

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
63.8667526075237 49.6

Number Of Homes And Apartments:
3,096

Monett 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
23.48% 1.23% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$798 / per month

Homeownership Rate

Homeownership
Owners 62.35
Renters 37.65
Vacant 15.13

Housing Market Details

 

Age of Homes

AGE OF Monett HOMES
2000 or Newer 18.9
1970 - 1999 29.6
1940 - 1969 30.4
1939 or Older 21.1

Types of Homes

TYPE OF Monett HOMES
Single-Family 80.2
Townhomes 0.5
Small Apt. Buildings 12.0
Apt. Complexes 6.2
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Monett HOMES
No Bedroom 0.85
1 Bedroom 5.65
2 Bedrooms 33.91
3 Bedrooms 39.83
4 Bedrooms 15.30
5 or more bedrooms 4.47

Popular Neighborhoods in Monett

Zip Codes in Monett, MO