O'Fallon, MO Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

O'Fallon, MO Housing Market Trends

With 88,673 people, 30,978 houses or apartments, and a median cost of homes of $268,419, O'Fallon real estate is some of the most expensive in Missouri, although O'Fallon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in O'Fallon, accounting for 76.01% of the city's housing units. Other types of housing that are prevalent in O'Fallon include large apartment complexes or high rise apartments ( 10.61%), row houses and other attached homes ( 7.99%), and a few mobile homes or trailers ( 2.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in O'Fallon. Owner-occupied housing accounts for 81.75% of O'Fallon's homes, and 73.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in O'Fallon 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 O'Fallon built between 2000 and later ( 46.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.90%). There's also some housing in O'Fallon built before 1939 ( 1.11%).

O'Fallon Home Appreciation Rates

Appreciation rates for homes in O'Fallon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.96%, which ranks in the top 50% nationwide. This equates to an annual average O'Fallon house appreciation rate of 3.35%.

Over the last year, O'Fallon appreciation rates have trailed the rest of the nation. In the last twelve months, O'Fallon's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in O'Fallon were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Missouri, our data show that O'Fallon's latest annual appreciation rate is lower than 70% 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 O'Fallon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in O'Fallon - 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 O'Fallon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$268,419

O'Fallon, MO HOME PRICES

> $1,193,000
0.4%
0.4%
$895,001 - $1,193,000
0.3%
0.3%
$596,001 - $895,000
2.0%
2.0%
$477,001 - $596,000
5.2%
5.2%
$358,001 - $477,000
14.3%
14.3%
$239,001 - $358,000
39.8%
39.8%
$119,001 - $239,000
32.6%
32.6%
$60,001 - $119,000
1.4%
1.4%
$0 - $60,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MO

Value Relative To Nation

Number Of Homes And Apartments:
30,978

O'Fallon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
65.89% 2.41%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,408 / per month

Homeownership Rate

Owners
81.7%
81.7%
Renters
18.3%
18.3%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
46.7%
46.7%
1970 - 1999
47.3%
47.3%
1940 - 1969
4.9%
4.9%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.0%
76.0%
Townhomes
8.0%
8.0%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
10.6%
10.6%
Mobile Homes
2.9%
2.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
4.2%
4.2%
2 Bedrooms
16.8%
16.8%
3 Bedrooms
42.4%
42.4%
4 Bedrooms
31.2%
31.2%
5 or more bedrooms
4.7%
4.7%
0.0% 100.0%
% OF HOMES