Pacific, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pacific Neighborhoods Since 2000




Pacific, 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

Pacific Housing Market Information

With 7,161 people, 2,564 houses or apartments, and a median cost of homes of $134,589, house prices in Pacific are solidly below the national average.

Single-family detached homes are the single most common housing type in Pacific, accounting for 64.61% of the city's housing units. Other types of housing that are prevalent in Pacific include large apartment complexes or high rise apartments ( 18.43%), duplexes, homes converted to apartments or other small apartment buildings ( 10.93%), and a few row houses and other attached homes ( 3.47%).

People in Pacific primarily live in small (one, two or no bedroom) single-family detached homes. Pacific has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pacific 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 Pacific built between 1940-1969 ( 25.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.23%). There's also some housing in Pacific built before 1939 ( 8.83%).

Vacant housing appears to be an issue in Pacific. Fully 10.16% of the housing stock is classified as vacant. Left unchecked, vacant Pacific homes and apartments can be a drag on the real estate market, holding Pacific 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.

Pacific Home Appreciation Rates

Pacific's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pacific during the period has been just -0.81%, which is lower than 70% of US communities.

Over the last year, Pacific appreciation rates have trailed the rest of the nation. In the last twelve months, Pacific's appreciation rate has been 0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pacific were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$134,589

Pacific, MO HOME PRICES

Value Range
> $1,083,000 0.7
$812,001 - $1,083,000 0.5
$542,001 - $812,000 1.6
$433,001 - $542,000 2.4
$325,001 - $433,000 7.9
$216,001 - $325,000 13.4
$108,001 - $216,000 48.1
$54,001 - $108,000 16.5
$0 - $54,000 8.8

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
57.3420836751436 39.4

Number Of Homes And Apartments:
2,564

Pacific 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
22.97% 1.21% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$889 / per month

Homeownership Rate

Homeownership
Owners 52.88
Renters 47.12
Vacant 10.16

Housing Market Details

 

Age of Homes

AGE OF Pacific HOMES
2000 or Newer 23.2
1970 - 1999 42.0
1940 - 1969 26.0
1939 or Older 8.8

Types of Homes

TYPE OF Pacific HOMES
Single-Family 64.6
Townhomes 3.5
Small Apt. Buildings 10.9
Apt. Complexes 18.4
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Pacific HOMES
No Bedroom 2.52
1 Bedroom 9.32
2 Bedrooms 38.44
3 Bedrooms 38.58
4 Bedrooms 8.65
5 or more bedrooms 2.49