Raymore, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Raymore Neighborhoods Since 2000




Raymore, MO Real Estate Data


Raymore Housing Market Information

With 20,374 people, 7,182 houses or apartments, and a median cost of homes of $221,306, Raymore real estate is some of the most expensive in Missouri, although Raymore home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Raymore, accounting for 81.95% of the city's housing units. Other types of housing that are prevalent in Raymore include row houses and other attached homes ( 7.36%), large apartment complexes or high rise apartments ( 6.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Raymore. Owner-occupied housing accounts for 80.92% of Raymore's homes, and 77.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Raymore 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 Raymore built between 2000 and later ( 44.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.71%).

Raymore Home Appreciation Rates

Appreciation rates for homes in Raymore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.80%, which ranks in the top 50% nationwide. This equates to an annual average Raymore house appreciation rate of 0.57%.

Appreciation rates are so strong in Raymore that despite a nationwide downturn in the housing market, Raymore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Raymore appreciation rates continue to be some of the highest in America, at 7.35%, which is higher than appreciation rates in 87.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Raymore. Raymore appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.76%.

Relative to Missouri, our data show that Raymore's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$221,306

Raymore, MO HOME PRICES

Value Range
> $1,207,000 0.0
$905,001 - $1,207,000 0.2
$603,001 - $905,000 0.8
$482,001 - $603,000 1.9
$362,001 - $482,000 7.0
$241,001 - $362,000 28.8
$120,001 - $241,000 53.6
$60,001 - $120,000 3.9
$0 - $60,000 3.7

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
28.3363588452304 9.2

Number Of Homes And Apartments:
7,182

Rent & Ownership

 

Average Market Rent:
$1,404 / per month

Homeownership Rate

Homeownership
Owners 80.92
Renters 19.08
Vacant 4.27

Housing Market Details

 

Age of Homes

AGE OF Raymore HOMES
2000 or Newer 44.6
1970 - 1999 49.9
1940 - 1969 4.7
1939 or Older 0.8

Types of Homes

TYPE OF Raymore HOMES
Single-Family 82.0
Townhomes 7.4
Small Apt. Buildings 4.2
Apt. Complexes 6.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Raymore HOMES
No Bedroom 0.77
1 Bedroom 4.83
2 Bedrooms 12.36
3 Bedrooms 48.84
4 Bedrooms 28.50
5 or more bedrooms 4.71

Raymore 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
24.08% 1.28% 3 2
* 10 is highest