Reeds Spring, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reeds Spring, 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

Reeds Spring Housing Market Information

With 865 people, 338 houses or apartments, and a median cost of homes of $133,303, house prices in Reeds Spring are solidly below the national average.

Single-family detached homes are the single most common housing type in Reeds Spring, accounting for 60.60% of the city's housing units. Other types of housing that are prevalent in Reeds Spring include duplexes, homes converted to apartments or other small apartment buildings ( 17.46%), mobile homes or trailers ( 13.47%), and a few large apartment complexes or high rise apartments ( 7.48%).

The most prevalent building size and type in Reeds Spring are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.25% owning and 46.75% renting.

There is a lot of housing in Reeds Spring 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 Reeds Spring built between 2000 and later ( 36.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.96%). There's also some housing in Reeds Spring built before 1939 ( 11.47%).

Vacant housing appears to be an issue in Reeds Spring. Fully 15.71% of the housing stock is classified as vacant. Left unchecked, vacant Reeds Spring homes and apartments can be a drag on the real estate market, holding Reeds Spring 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.

Reeds Spring Home Appreciation Rates

Reeds Spring's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Reeds Spring during the period has been just -1.29%, which is lower than 70% of US communities.

Over the last year, Reeds Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Reeds Spring's appreciation rate has been -1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reeds Spring were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$133,303

Reeds Spring, MO HOME PRICES

Value Range
> $1,045,000 0.2
$784,001 - $1,045,000 0.0
$523,001 - $784,000 0.0
$419,001 - $523,000 5.4
$314,001 - $419,000 11.7
$209,001 - $314,000 13.2
$105,001 - $209,000 29.6
$52,001 - $105,000 17.5
$0 - $52,000 22.4

Average for MO
Average for Nation

Value Relative to Nation Value Relative to State
58.1096917848353 41.4

Number Of Homes And Apartments:
338

Reeds Spring 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
16.46% 0.89% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 53.25
Renters 46.75
Vacant 15.71

Housing Market Details

 

Age of Homes

AGE OF Reeds Spring HOMES
2000 or Newer 36.4
1970 - 1999 37.2
1940 - 1969 15.0
1939 or Older 11.5

Types of Homes

TYPE OF Reeds Spring HOMES
Single-Family 60.6
Townhomes 1.0
Small Apt. Buildings 17.5
Apt. Complexes 7.5
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF Reeds Spring HOMES
No Bedroom 5.99
1 Bedroom 7.98
2 Bedrooms 25.94
3 Bedrooms 47.63
4 Bedrooms 6.73
5 or more bedrooms 5.74

Popular Neighborhoods in Reeds Spring

Zip Codes in Reeds Spring, MO