Nevada, MO


Highest Appreciating Nevada Neighborhoods Since 2000

Nevada, 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

Nevada Housing Market Information

With 8,253 people, 3,439 houses or apartments, and a median cost of homes of $113,061, house prices in Nevada are solidly below the national average.

Single-family detached homes are the single most common housing type in Nevada, accounting for 71.30% of the city's housing units. Other types of housing that are prevalent in Nevada include duplexes, homes converted to apartments or other small apartment buildings ( 15.19%), large apartment complexes or high rise apartments ( 6.50%), and a few row houses and other attached homes ( 4.63%).

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

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. Nevada's housing was primarily built during this period, from the '40s through the '60s. A full 36.20% of the city's housing hails from this era. Other housing ages represented in Nevada include homes built between 1970-1999 ( 33.20%) and housing constructed before 1939 ( 20.67%). There's also some housing in Nevada built between 2000 and later ( 9.92%).

Vacant housing appears to be an issue in Nevada. Fully 15.36% of the housing stock is classified as vacant. Left unchecked, vacant Nevada homes and apartments can be a drag on the real estate market, holding Nevada 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.

Nevada Home Appreciation Rates

Real estate appreciation rates in Nevada's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Nevada appreciation rates have trailed the rest of the nation. In the last twelve months, Nevada's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nevada were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Nevada's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.

Average Home Values


Median Home Value:


Value Range
> $1,105,000 0.0
$828,001 - $1,105,000 0.0
$552,001 - $828,000 0.0
$442,001 - $552,000 0.7
$331,001 - $442,000 1.2
$221,001 - $331,000 7.1
$110,001 - $221,000 17.6
$55,001 - $110,000 46.4
$0 - $55,000 27.0

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
69.5066213523966 59.4

Number Of Homes And Apartments:

Nevada Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
16.00% 0.86% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$822 / per month

Homeownership Rate

Owners 41.16
Renters 58.84
Vacant 15.36

Housing Market Details


Age of Homes

2000 or Newer 9.9
1970 - 1999 33.2
1940 - 1969 36.2
1939 or Older 20.7

Types of Homes

Single-Family 71.3
Townhomes 4.6
Small Apt. Buildings 15.2
Apt. Complexes 6.5
Mobile Homes 2.4
Other 0.0

Home Size

No Bedroom 5.09
1 Bedroom 11.59
2 Bedrooms 38.74
3 Bedrooms 31.80
4 Bedrooms 10.85
5 or more bedrooms 1.92

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Zip Codes in Nevada, MO