Sikeston, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sikeston, 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

Sikeston Housing Market Information

With 16,436 people, 6,494 houses or apartments, and a median cost of homes of $92,035, house prices in Sikeston are solidly below the national average.

Single-family detached homes are the single most common housing type in Sikeston, accounting for 75.70% of the city's housing units. Other types of housing that are prevalent in Sikeston include duplexes, homes converted to apartments or other small apartment buildings ( 12.33%), large apartment complexes or high rise apartments ( 8.97%), and a few mobile homes or trailers ( 1.64%).

The most prevalent building size and type in Sikeston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.90% owning and 42.10% renting.

There is a lot of housing in Sikeston 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 Sikeston built between 1940-1969 ( 36.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.42%). There's also some housing in Sikeston built before 1939 ( 6.72%).

Vacant housing appears to be an issue in Sikeston. Fully 10.53% of the housing stock is classified as vacant. Left unchecked, vacant Sikeston homes and apartments can be a drag on the real estate market, holding Sikeston 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.

Sikeston Home Appreciation Rates

Appreciation rates for homes in Sikeston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.60%, which ranks in the top 30% nationwide. This equates to an annual average Sikeston house appreciation rate of 0.92%.

Over the last year, Sikeston appreciation rates have trailed the rest of the nation. In the last twelve months, Sikeston's appreciation rate has been 0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sikeston were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Sikeston's latest annual appreciation rate is lower than 80% 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 Sikeston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sikeston - 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 Sikeston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$92,035

Sikeston, MO HOME PRICES

Value Range
> $1,060,000 0.3
$795,001 - $1,060,000 0.1
$530,001 - $795,000 0.3
$424,001 - $530,000 1.3
$318,001 - $424,000 5.4
$212,001 - $318,000 8.6
$106,001 - $212,000 30.2
$53,001 - $106,000 29.1
$0 - $53,000 24.8

Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
82.7141685222079 77.8

Number Of Homes And Apartments:
6,494

Sikeston 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
32.74% 1.66% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$726 / per month

Homeownership Rate

Homeownership
Owners 57.90
Renters 42.10
Vacant 10.53

Housing Market Details

 

Age of Homes

AGE OF Sikeston HOMES
2000 or Newer 11.4
1970 - 1999 45.7
1940 - 1969 36.1
1939 or Older 6.7

Types of Homes

TYPE OF Sikeston HOMES
Single-Family 75.7
Townhomes 1.4
Small Apt. Buildings 12.3
Apt. Complexes 9.0
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Sikeston HOMES
No Bedroom 1.46
1 Bedroom 8.39
2 Bedrooms 30.35
3 Bedrooms 47.09
4 Bedrooms 10.32
5 or more bedrooms 2.38