Normandy, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Normandy Neighborhoods Since 2000




Normandy, 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

Normandy Housing Market Information

With 4,978 people, 2,115 houses or apartments, and a median cost of homes of $115,731, house prices in Normandy are solidly below the national average.

Single-family detached homes are the single most common housing type in Normandy, accounting for 49.50% of the city's housing units. Other types of housing that are prevalent in Normandy include large apartment complexes or high rise apartments ( 37.58%), duplexes, homes converted to apartments or other small apartment buildings ( 12.07%).

People in Normandy primarily live in small (one, two or no bedroom) single-family detached homes. Normandy 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. Normandy's housing was primarily built during this period, from the '40s through the '60s. A full 49.87% of the city's housing hails from this era. Other housing ages represented in Normandy include homes built before 1939 ( 27.85%) and housing constructed between 1970-1999 ( 21.14%). There's also some housing in Normandy built between 2000 and later ( 1.14%).

Vacant housing appears to be an issue in Normandy. Fully 22.39% of the housing stock is classified as vacant. Left unchecked, vacant Normandy homes and apartments can be a drag on the real estate market, holding Normandy 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.

Normandy Home Appreciation Rates

Homes have actually lost value in Normandy over the last then years, as home values have seen a decline of 23.88% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Normandy home appreciation rates at 1.03%, which equates to an annual appreciation rate of 4.19%.

Appreciation rates are so strong in Normandy that despite a nationwide downturn in the housing market, Normandy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Normandy appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 71.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Normandy. Normandy appreciation rates in the latest quarter were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$115,731

Normandy, MO HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.0
$546,001 - $819,000 0.2
$437,001 - $546,000 0.0
$328,001 - $437,000 1.3
$218,001 - $328,000 8.0
$109,001 - $218,000 34.8
$55,001 - $109,000 40.4
$0 - $55,000 15.3

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
67.8424938474159 56.0

Number Of Homes And Apartments:
2,115

Normandy 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
6.04% 0.34% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Homeownership
Owners 38.84
Renters 61.16
Vacant 22.39

Housing Market Details

 

Age of Homes

AGE OF Normandy HOMES
2000 or Newer 1.1
1970 - 1999 21.1
1940 - 1969 49.9
1939 or Older 27.9

Types of Homes

TYPE OF Normandy HOMES
Single-Family 49.5
Townhomes 0.8
Small Apt. Buildings 12.1
Apt. Complexes 37.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Normandy HOMES
No Bedroom 5.39
1 Bedroom 30.79
2 Bedrooms 24.07
3 Bedrooms 33.28
4 Bedrooms 5.76
5 or more bedrooms 0.70