Monroe City, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monroe City, 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

Monroe City Housing Market Information

With a population of 2,446, 1,017 total housing units (homes and apartments), and a median house value of $119,044, house prices in Monroe City are solidly below the national average.

Single-family detached homes are the single most common housing type in Monroe City, accounting for 78.41% of the city's housing units. Other types of housing that are prevalent in Monroe City include mobile homes or trailers ( 9.72%), duplexes, homes converted to apartments or other small apartment buildings ( 6.48%), and a few large apartment complexes or high rise apartments ( 5.40%).

The most prevalent building size and type in Monroe City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.15% owning and 41.85% renting.

There is a lot of housing in Monroe City 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 Monroe City built between 1940-1969 ( 28.74%). A lesser amount of the housing stock also hails from before 1939 ( 20.10%). There's also some housing in Monroe City built between 2000 and later ( 12.21%).

Vacant housing appears to be an issue in Monroe City. Fully 15.53% of the housing stock is classified as vacant. Left unchecked, vacant Monroe City homes and apartments can be a drag on the real estate market, holding Monroe City 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.

Monroe City Home Appreciation Rates

Appreciation rates for homes in Monroe City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.35%, which ranks in the top 30% nationwide. This equates to an annual average Monroe City house appreciation rate of 0.99%.

Over the last year, Monroe City appreciation rates have trailed the rest of the nation. In the last twelve months, Monroe City's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monroe City were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$119,044

Monroe City, MO HOME PRICES

Value Range
> $1,085,000 2.5
$814,001 - $1,085,000 0.1
$543,001 - $814,000 1.2
$434,001 - $543,000 0.1
$325,001 - $434,000 1.7
$217,001 - $325,000 11.4
$108,001 - $217,000 33.6
$55,001 - $108,000 36.2
$0 - $55,000 13.3

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
66.0084378296027 53.0

Number Of Homes And Apartments:
1,017

Monroe City 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
33.85% 1.70% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 58.15
Renters 41.85
Vacant 15.53

Housing Market Details

 

Age of Homes

AGE OF Monroe City HOMES
2000 or Newer 12.2
1970 - 1999 39.0
1940 - 1969 28.7
1939 or Older 20.1

Types of Homes

TYPE OF Monroe City HOMES
Single-Family 78.4
Townhomes 0.0
Small Apt. Buildings 6.5
Apt. Complexes 5.4
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Monroe City HOMES
No Bedroom 3.41
1 Bedroom 6.15
2 Bedrooms 31.89
3 Bedrooms 43.44
4 Bedrooms 11.79
5 or more bedrooms 3.32

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Zip Codes in Monroe City, MO