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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Monett, MO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Monett, MO Housing Market Trends

With a population of 9,789, 3,702 total housing units (homes and apartments), and a median house value of $202,374, 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 71.28% 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 ( 18.40%), large apartment complexes or high rise apartments ( 6.48%), and a few mobile homes or trailers ( 2.36%).

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 50.81% owning and 49.19% 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 32.72% of the city's housing hails from this era. Other housing ages represented in Monett include homes built between 1970-1999 ( 29.92%) and housing constructed between 2000 and later ( 21.05%). There's also some housing in Monett built before 1939 ( 16.31%).

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 5.57% 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 6.67%, which is higher than appreciation rates in 71.92% 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 0.31%, which equates to an annual appreciation rate of 1.23%.

Relative to Missouri, our data show that Monett's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$202,374

Monett, MO Home Prices
> $1,254,000
$941,001 - $1,254,000
$627,001 - $941,000
$501,001 - $627,000
$376,001 - $501,000
$251,001 - $376,000
$125,001 - $251,000
$63,001 - $125,000
$0 - $63,000
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
5.0%
5.0%
6.3%
6.3%
16.5%
16.5%
44.4%
44.4%
23.1%
23.1%
3.3%
3.3%
0% 100.0%
% of Homes
Average

for Missouri

Low

for nation

Number of Homes And Apartments:

3,702

Monett Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,289 / per month

Homeownership Rate

Owners
Renters
50.8%
50.8%
49.2%
49.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.1%
8.1%
91.9%
91.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.1%
21.1%
29.9%
29.9%
32.7%
32.7%
16.3%
16.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.3%
71.3%
1.5%
1.5%
18.4%
18.4%
6.5%
6.5%
2.4%
2.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.4%
2.4%
41.9%
41.9%
41.8%
41.8%
9.4%
9.4%
4.5%
4.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Monett

Zip Codes in Monett, MO