O'Fallon, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating O'Fallon Neighborhoods Since 2000




O'Fallon, 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

O'Fallon Housing Market Information

With a population of 85,040, 29,811 total housing units (homes and apartments), and a median house value of $219,508, 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 74.34% of the city's housing units. Other types of housing that are prevalent in O'Fallon include large apartment complexes or high rise apartments ( 11.72%), row houses and other attached homes ( 6.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.71%).

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 79.38% of O'Fallon's homes, and 72.49% 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 ( 43.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.74%). There's also some housing in O'Fallon built before 1939 ( 1.34%).

O'Fallon Home Appreciation Rates

Real estate appreciation rates in O'Fallon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, O'Fallon's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, O'Fallon's appreciation rate has been 1.03%, which annualizes to a rate of 4.19%.

Relative to Missouri, our data show that O'Fallon's latest annual appreciation rate is higher 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:
$219,508

O'Fallon, MO HOME PRICES

Value Range
> $1,140,000 0.1
$855,001 - $1,140,000 0.0
$570,001 - $855,000 1.3
$456,001 - $570,000 2.2
$342,001 - $456,000 8.5
$228,001 - $342,000 32.8
$114,001 - $228,000 47.0
$57,001 - $114,000 2.8
$0 - $57,000 5.3

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
27.8096800656276 9.6

Number Of Homes And Apartments:
29,811

O'Fallon 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
32.90% 1.66% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,320 / per month

Homeownership Rate

Homeownership
Owners 79.38
Renters 20.62
Vacant 3.41

Housing Market Details

 

Age of Homes

AGE OF O'Fallon HOMES
2000 or Newer 43.6
1970 - 1999 49.3
1940 - 1969 5.7
1939 or Older 1.3

Types of Homes

TYPE OF O'Fallon HOMES
Single-Family 74.3
Townhomes 6.8
Small Apt. Buildings 3.7
Apt. Complexes 11.7
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF O'Fallon HOMES
No Bedroom 0.14
1 Bedroom 4.92
2 Bedrooms 18.16
3 Bedrooms 45.71
4 Bedrooms 26.78
5 or more bedrooms 4.28