Mountain Grove, MO


Highest Appreciating Mountain Grove Neighborhoods Since 2000

Mountain Grove, MO Real Estate Data

Mountain Grove Housing Market Information

With a population of 4,685, 2,011 total housing units (homes and apartments), and a median house value of $110,440, house prices in Mountain Grove are solidly below the national average.

Single-family detached homes are the single most common housing type in Mountain Grove, accounting for 82.56% 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 ( 7.27%), mobile homes or trailers ( 4.18%), and a few large apartment complexes or high rise apartments ( 3.66%).

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 ( 27.65%). A lesser amount of the housing stock also hails from before 1939 ( 9.32%). There's also some housing in Mountain Grove built between 2000 and later ( 7.76%).

Vacant housing appears to be an issue in Mountain Grove. Fully 19.17% 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

Appreciation rates for homes in Mountain Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.53%, which ranks in the top 30% nationwide. This equates to an annual average Mountain Grove house appreciation rate of 1.54%.

Appreciation rates are so strong in Mountain Grove that despite a nationwide downturn in the housing market, Mountain Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mountain Grove appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mountain Grove. Mountain Grove appreciation rates in the latest quarter were at 0.50%, which equates to an annual appreciation rate of 2.00%.

Notably, Mountain Grove's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values


Median Home Value:

Mountain Grove, MO HOME PRICES

Value Range
> $1,182,000 0.1
$886,001 - $1,182,000 1.2
$591,001 - $886,000 0.0
$472,001 - $591,000 0.1
$354,001 - $472,000 0.6
$237,001 - $354,000 7.3
$118,001 - $237,000 26.4
$59,001 - $118,000 43.1
$0 - $59,000 21.2

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
72.1555308309422 59.2

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$744 / per month

Homeownership Rate

Owners 54.68
Renters 45.32
Vacant 19.17

Housing Market Details


Age of Homes

AGE OF Mountain Grove HOMES
2000 or Newer 7.8
1970 - 1999 55.3
1940 - 1969 27.7
1939 or Older 9.3

Types of Homes

TYPE OF Mountain Grove HOMES
Single-Family 82.6
Townhomes 2.3
Small Apt. Buildings 7.3
Apt. Complexes 3.7
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Mountain Grove HOMES
No Bedroom 0.72
1 Bedroom 9.45
2 Bedrooms 37.54
3 Bedrooms 40.11
4 Bedrooms 5.75
5 or more bedrooms 6.43

Mountain Grove Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
53.50% 2.55% 9 7
* 10 is highest

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Zip Codes in Mountain Grove, MO