Mountain Grove, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mountain Grove Neighborhoods Since 2000




Mountain Grove, 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

Mountain Grove Housing Market Information

With a population of 4,685, 2,102 total housing units (homes and apartments), and a median house value of $72,429, house prices in Mountain Grove are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Mountain Grove, accounting for 72.77% of the city's housing units. Other types of housing that are prevalent in Mountain Grove include duplexes, homes converted to apartments or other small apartment buildings ( 11.42%), large apartment complexes or high rise apartments ( 8.38%), and a few mobile homes or trailers ( 5.34%).

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

There is a lot of housing in Mountain Grove 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 Mountain Grove built between 1940-1969 ( 24.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.55%). There's also some housing in Mountain Grove built before 1939 ( 7.76%).

Vacant housing appears to be an issue in Mountain Grove. Fully 13.68% of the housing stock is classified as vacant. Left unchecked, vacant Mountain Grove homes and apartments can be a drag on the real estate market, holding Mountain Grove 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.

Mountain Grove Home Appreciation Rates

Real estate appreciation rates in Mountain Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Over the last year, Mountain Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Mountain Grove's appreciation rate has been -4.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mountain Grove were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$72,429

Mountain Grove, MO HOME PRICES

Value Range
> $1,022,000 0.0
$766,001 - $1,022,000 1.2
$511,001 - $766,000 0.0
$409,001 - $511,000 1.9
$306,001 - $409,000 0.7
$204,001 - $306,000 8.0
$102,001 - $204,000 17.1
$51,001 - $102,000 40.8
$0 - $51,000 30.3

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
94.2575881870386 93.2

Number Of Homes And Apartments:
2,102

Mountain Grove 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
30.55% 1.56% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$672 / per month

Homeownership Rate

Homeownership
Owners 49.34
Renters 50.66
Vacant 13.68

Housing Market Details

 

Age of Homes

AGE OF Mountain Grove HOMES
2000 or Newer 10.6
1970 - 1999 57.6
1940 - 1969 24.1
1939 or Older 7.8

Types of Homes

TYPE OF Mountain Grove HOMES
Single-Family 72.8
Townhomes 2.1
Small Apt. Buildings 11.4
Apt. Complexes 8.4
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Mountain Grove HOMES
No Bedroom 0.70
1 Bedroom 16.51
2 Bedrooms 32.81
3 Bedrooms 40.04
4 Bedrooms 6.16
5 or more bedrooms 3.78

Popular Neighborhoods in Mountain Grove

Popular Communities Near Mountain Grove, MO

Zip Codes in Mountain Grove, MO