Potosi, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Potosi, MO Real Estate Data


Potosi Housing Market Information

With a population of 2,640, 1,071 total housing units (homes and apartments), and a median house value of $86,009, house prices in Potosi are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Potosi, accounting for 59.20% of the city's housing units. Other types of housing that are prevalent in Potosi include duplexes, homes converted to apartments or other small apartment buildings ( 27.56%), large apartment complexes or high rise apartments ( 9.66%), and a few mobile homes or trailers ( 2.41%).

People in Potosi primarily live in small (one, two or no bedroom) single-family detached homes. Potosi 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. Potosi's housing was primarily built during this period, from the '40s through the '60s. A full 47.54% of the city's housing hails from this era. Other housing ages represented in Potosi include homes built between 1970-1999 ( 37.89%) and housing constructed before 1939 ( 10.24%). There's also some housing in Potosi built between 2000 and later ( 4.33%).

Vacant housing appears to be an issue in Potosi. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Potosi homes and apartments can be a drag on the real estate market, holding Potosi 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.

Potosi Home Appreciation Rates

Real estate appreciation rates in Potosi's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Over the last year, Potosi appreciation rates have trailed the rest of the nation. In the last twelve months, Potosi's appreciation rate has been 3.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potosi were at 0.50%, which equates to an annual appreciation rate of 2.00%.

Notably, Potosi's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$86,009

Potosi, MO HOME PRICES

Value Range
> $1,070,000 0.0
$802,001 - $1,070,000 0.0
$535,001 - $802,000 0.1
$428,001 - $535,000 0.0
$320,001 - $428,000 0.6
$215,001 - $320,000 3.6
$107,001 - $215,000 27.7
$54,001 - $107,000 45.6
$0 - $54,000 22.3

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
87.8608654915969 84.6

Number Of Homes And Apartments:
1,071

Rent & Ownership

 

Average Market Rent:
$668 / per month

Homeownership Rate

Homeownership
Owners 38.39
Renters 61.61
Vacant 10.82

Housing Market Details

 

Age of Homes

AGE OF Potosi HOMES
2000 or Newer 4.3
1970 - 1999 37.9
1940 - 1969 47.5
1939 or Older 10.2

Types of Homes

TYPE OF Potosi HOMES
Single-Family 59.2
Townhomes 1.2
Small Apt. Buildings 27.6
Apt. Complexes 9.7
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Potosi HOMES
No Bedroom 2.66
1 Bedroom 16.57
2 Bedrooms 37.39
3 Bedrooms 34.64
4 Bedrooms 6.91
5 or more bedrooms 1.83

Potosi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
34.33% 1.75% 5 4
* 10 is highest

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Zip Codes in Potosi, MO