Republic, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Republic, 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

Republic Housing Market Information

With 16,005 people, 5,911 houses or apartments, and a median cost of homes of $132,875, house prices in Republic are solidly below the national average.

Single-family detached homes are the single most common housing type in Republic, accounting for 75.77% of the city's housing units. Other types of housing that are prevalent in Republic include large apartment complexes or high rise apartments ( 16.58%), row houses and other attached homes ( 3.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.51%).

The most prevalent building size and type in Republic are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.84% owning and 37.16% renting.

Republic homes and real estate are some of the newest in America. 45.98% of Republic's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Republic real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.81%), and between 1940-1969 ( 8.53%). There's also some housing in Republic built before 1939 ( 2.68%).

Republic Home Appreciation Rates

Real estate appreciation rates in Republic's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

NeighborhoodScout's data show that during the latest twelve months, Republic's appreciation rate, at 4.12%, has been at or slightly above the national average. In the latest quarter, Republic's appreciation rate has been -0.81%, which annualizes to a rate of -3.19%.

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

Relative to Missouri, our data show that Republic's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$132,875

Republic, MO HOME PRICES

Value Range
> $1,072,000 0.3
$804,001 - $1,072,000 0.7
$536,001 - $804,000 0.8
$429,001 - $536,000 1.6
$321,001 - $429,000 2.1
$214,001 - $321,000 12.1
$107,001 - $214,000 51.0
$54,001 - $107,000 26.5
$0 - $54,000 5.0

Average for MO
Average for Nation

Value Relative to Nation Value Relative to State
58.3382163365756 41.8

Number Of Homes And Apartments:
5,911

Republic 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
20.45% 1.08% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$928 / per month

Homeownership Rate

Homeownership
Owners 62.84
Renters 37.16
Vacant 6.77

Housing Market Details

 

Age of Homes

AGE OF Republic HOMES
2000 or Newer 46.0
1970 - 1999 42.8
1940 - 1969 8.5
1939 or Older 2.7

Types of Homes

TYPE OF Republic HOMES
Single-Family 75.8
Townhomes 4.0
Small Apt. Buildings 2.5
Apt. Complexes 16.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Republic HOMES
No Bedroom 0.22
1 Bedroom 4.78
2 Bedrooms 18.38
3 Bedrooms 60.76
4 Bedrooms 11.34
5 or more bedrooms 4.53

Popular Neighborhoods in Republic

Zip Codes in Republic, MO