Nevada, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Nevada Neighborhoods Since 2000




Nevada, MO Real Estate Data


Nevada Housing Market Information

With 8,253 people, 3,326 houses or apartments, and a median cost of homes of $94,898, 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 71.28% 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 ( 15.43%), large apartment complexes or high rise apartments ( 5.23%), and a few row houses and other attached homes ( 5.08%).

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 38.67% of the city's housing hails from this era. Other housing ages represented in Nevada include homes built between 1970-1999 ( 32.86%) and housing constructed before 1939 ( 22.23%). There's also some housing in Nevada built between 2000 and later ( 6.24%).

Vacant housing appears to be an issue in Nevada. Fully 15.99% 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 0.13% during the period.

NeighborhoodScout's data show that during the latest twelve months, Nevada's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Nevada's appreciation rate has been 0.50%, which annualizes to a rate of 2.00%.

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

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

Average Home Values

 

Median Home Value:
$94,898

Nevada, MO HOME PRICES

Value Range
> $1,128,000 0.0
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.8
$451,001 - $564,000 0.8
$338,001 - $451,000 2.4
$226,001 - $338,000 5.1
$113,001 - $226,000 15.5
$56,001 - $113,000 46.8
$0 - $56,000 28.5

Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1631434092639 75.8

Number Of Homes And Apartments:
3,326

Rent & Ownership

 

Average Market Rent:
$857 / per month

Homeownership Rate

Homeownership
Owners 43.97
Renters 56.03
Vacant 15.99

Housing Market Details

 

Age of Homes

AGE OF Nevada HOMES
2000 or Newer 6.2
1970 - 1999 32.9
1940 - 1969 38.7
1939 or Older 22.2

Types of Homes

TYPE OF Nevada HOMES
Single-Family 71.3
Townhomes 5.1
Small Apt. Buildings 15.4
Apt. Complexes 5.2
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Nevada HOMES
No Bedroom 5.56
1 Bedroom 11.57
2 Bedrooms 38.34
3 Bedrooms 34.48
4 Bedrooms 8.51
5 or more bedrooms 1.54

Nevada Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
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
17.41% 0.95% 1 2
* 10 is highest

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Zip Codes in Nevada, MO