Sedalia, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sedalia, 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

Sedalia Housing Market Information

With 21,516 people, 8,786 houses or apartments, and a median cost of homes of $85,770, house prices in Sedalia 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 Sedalia, accounting for 74.83% of the city's housing units. Other types of housing that are prevalent in Sedalia include large apartment complexes or high rise apartments ( 11.98%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 3.28%).

The most prevalent building size and type in Sedalia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.28% owning and 44.72% renting.

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. Sedalia's housing was primarily built during this period, from the '40s through the '60s. A full 39.37% of the city's housing hails from this era. Other housing ages represented in Sedalia include homes built before 1939 ( 26.34%) and housing constructed between 1970-1999 ( 23.30%). There's also some housing in Sedalia built between 2000 and later ( 10.98%).

Vacant housing appears to be an issue in Sedalia. Fully 13.80% of the housing stock is classified as vacant. Left unchecked, vacant Sedalia homes and apartments can be a drag on the real estate market, holding Sedalia 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.

Sedalia Home Appreciation Rates

Real estate appreciation rates in Sedalia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

Over the last year, Sedalia appreciation rates have trailed the rest of the nation. In the last twelve months, Sedalia's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sedalia were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sedalia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sedalia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sedalia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$85,770

Sedalia, MO HOME PRICES

Value Range
> $1,073,000 0.3
$805,001 - $1,073,000 0.0
$536,001 - $805,000 0.0
$429,001 - $536,000 0.2
$322,001 - $429,000 1.4
$215,001 - $322,000 3.8
$107,001 - $215,000 29.6
$53,001 - $107,000 44.5
$0 - $53,000 20.3

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
86.8979257002227 83.6

Number Of Homes And Apartments:
8,786

Sedalia 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
23.81% 1.25% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$904 / per month

Homeownership Rate

Homeownership
Owners 55.28
Renters 44.72
Vacant 13.80

Housing Market Details

 

Age of Homes

AGE OF Sedalia HOMES
2000 or Newer 11.0
1970 - 1999 23.3
1940 - 1969 39.4
1939 or Older 26.3

Types of Homes

TYPE OF Sedalia HOMES
Single-Family 74.8
Townhomes 3.3
Small Apt. Buildings 8.7
Apt. Complexes 12.0
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Sedalia HOMES
No Bedroom 1.50
1 Bedroom 12.09
2 Bedrooms 34.43
3 Bedrooms 40.68
4 Bedrooms 8.46
5 or more bedrooms 2.85