Oak Grove, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oak Grove, MO Real Estate Data


Oak Grove Housing Market Information

With a population of 7,937, 2,635 total housing units (homes and apartments), and a median house value of $129,996, house prices in Oak Grove are solidly below the national average.

Single-family detached homes are the single most common housing type in Oak Grove, accounting for 70.56% of the city's housing units. Other types of housing that are prevalent in Oak Grove include duplexes, homes converted to apartments or other small apartment buildings ( 11.02%), large apartment complexes or high rise apartments ( 8.72%), and a few row houses and other attached homes ( 8.31%).

The most prevalent building size and type in Oak Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.63% owning and 36.37% renting.

There is a lot of housing in Oak 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 Oak Grove built between 2000 and later ( 25.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.37%). There's also some housing in Oak Grove built before 1939 ( 4.21%).

Oak Grove Home Appreciation Rates

Appreciation rates for homes in Oak 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 1.29%, which ranks in the top 50% nationwide. This equates to an annual average Oak Grove house appreciation rate of 0.13%.

NeighborhoodScout's data show that during the latest twelve months, Oak Grove's appreciation rate, at 4.29%, has been at or slightly above the national average. In the latest quarter, Oak Grove's appreciation rate has been 0.56%, which annualizes to a rate of 2.27%.

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

Average Home Values

 

Median Home Value:
$129,996

Oak Grove, MO HOME PRICES

Value Range
> $1,127,000 0.0
$845,001 - $1,127,000 0.0
$563,001 - $845,000 0.0
$451,001 - $563,000 0.0
$338,001 - $451,000 1.3
$225,001 - $338,000 12.2
$113,001 - $225,000 54.6
$56,001 - $113,000 26.4
$0 - $56,000 4.9

Average for MO
Average for Nation

Value Relative to Nation Value Relative to State
59.6390484003281 43.2

Number Of Homes And Apartments:
2,635

Rent & Ownership

 

Average Market Rent:
$1,014 / per month

Homeownership Rate

Homeownership
Owners 63.63
Renters 36.37
Vacant 8.41

Housing Market Details

 

Age of Homes

AGE OF Oak Grove HOMES
2000 or Newer 25.1
1970 - 1999 54.4
1940 - 1969 16.4
1939 or Older 4.2

Types of Homes

TYPE OF Oak Grove HOMES
Single-Family 70.6
Townhomes 8.3
Small Apt. Buildings 11.0
Apt. Complexes 8.7
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Oak Grove HOMES
No Bedroom 1.01
1 Bedroom 6.26
2 Bedrooms 23.36
3 Bedrooms 49.32
4 Bedrooms 17.14
5 or more bedrooms 2.92

Oak Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.62% 1.38% 3 3
* 10 is highest