Neosho, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Neosho, 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

Neosho Housing Market Information

With a population of 12,156, 4,563 total housing units (homes and apartments), and a median house value of $103,190, house prices in Neosho are solidly below the national average.

Single-family detached homes are the single most common housing type in Neosho, accounting for 79.00% of the city's housing units. Other types of housing that are prevalent in Neosho include large apartment complexes or high rise apartments ( 11.95%), duplexes, homes converted to apartments or other small apartment buildings ( 6.44%), and a few mobile homes or trailers ( 1.84%).

The most prevalent building size and type in Neosho are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.01% owning and 43.99% renting.

There is a lot of housing in Neosho 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 Neosho built between 1940-1969 ( 33.48%). A lesser amount of the housing stock also hails from before 1939 ( 14.95%). There's also some housing in Neosho built between 2000 and later ( 11.22%).

Neosho Home Appreciation Rates

Real estate appreciation rates in Neosho's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Over the last year, Neosho appreciation rates have trailed the rest of the nation. In the last twelve months, Neosho's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Neosho were at -2.11%, which equates to an annual appreciation rate of -8.18%.

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

Relative to Missouri, our data show that Neosho's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Neosho differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Neosho - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Neosho real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,190

Neosho, MO HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.3
$518,001 - $778,000 0.0
$415,001 - $518,000 0.2
$311,001 - $415,000 1.3
$207,001 - $311,000 5.8
$104,001 - $207,000 35.3
$52,001 - $104,000 43.2
$0 - $52,000 13.9

Low for MO
Low for Nation

Value Relative to Nation Value Relative to State
75.5361537560061 67.4

Number Of Homes And Apartments:
4,563

Neosho 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
17.18% 0.92% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 56.01
Renters 43.99
Vacant 6.78

Housing Market Details

 

Age of Homes

AGE OF Neosho HOMES
2000 or Newer 11.2
1970 - 1999 40.3
1940 - 1969 33.5
1939 or Older 15.0

Types of Homes

TYPE OF Neosho HOMES
Single-Family 79.0
Townhomes 0.8
Small Apt. Buildings 6.4
Apt. Complexes 12.0
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Neosho HOMES
No Bedroom 2.33
1 Bedroom 8.23
2 Bedrooms 31.75
3 Bedrooms 44.33
4 Bedrooms 11.32
5 or more bedrooms 2.04