St. Joseph, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating St. Joseph Neighborhoods Since 2000




St. Joseph, 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

St. Joseph Housing Market Information

With 76,596 people, 28,557 houses or apartments, and a median cost of homes of $110,030, house prices in St. Joseph are solidly below the national average.

Single-family detached homes are the single most common housing type in St. Joseph, accounting for 70.05% of the city's housing units. Other types of housing that are prevalent in St. Joseph include large apartment complexes or high rise apartments ( 13.96%), duplexes, homes converted to apartments or other small apartment buildings ( 9.14%), and a few row houses and other attached homes ( 3.48%).

People in St. Joseph primarily live in small (one, two or no bedroom) single-family detached homes. St. Joseph has a mixture of owner-occupied and renter-occupied housing.

The housing in St. Joseph was primarily built before 1939 ( 33.62%), making the housing stock in St. Joseph some of the oldest overall in America, although there is a range of ages of homes in St. Joseph. The next most important housing age is between 1940-1969 ( 29.88%), followed by between 1970-1999 ( 28.98%). There's also some housing in St. Joseph built between 2000 and later ( 7.53%).

Vacant housing appears to be an issue in St. Joseph. Fully 14.26% of the housing stock is classified as vacant. Left unchecked, vacant St. Joseph homes and apartments can be a drag on the real estate market, holding St. Joseph 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.

St. Joseph Home Appreciation Rates

Real estate appreciation rates in St. Joseph's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Over the last year, St. Joseph appreciation rates have trailed the rest of the nation. In the last twelve months, St. Joseph's appreciation rate has been -0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Joseph were at -4.12%, which equates to an annual appreciation rate of -15.48%.

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

Relative to Missouri, our data show that St. Joseph's latest annual appreciation rate is lower than 90% 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 St. Joseph differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Joseph - 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 St. Joseph real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$110,030

St. Joseph, MO HOME PRICES

Value Range
> $1,022,000 0.3
$766,001 - $1,022,000 0.2
$511,001 - $766,000 0.7
$409,001 - $511,000 1.2
$306,001 - $409,000 2.5
$204,001 - $306,000 8.5
$102,001 - $204,000 35.7
$51,001 - $102,000 35.4
$0 - $51,000 15.5

Low for MO
Low for Nation

Value Relative to Nation Value Relative to State
71.3465369741005 61.6

Number Of Homes And Apartments:
28,557

St. Joseph 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
15.08% 0.82% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 56.82
Renters 43.18
Vacant 14.26

Housing Market Details

 

Age of Homes

AGE OF St. Joseph HOMES
2000 or Newer 7.5
1970 - 1999 29.0
1940 - 1969 29.9
1939 or Older 33.6

Types of Homes

TYPE OF St. Joseph HOMES
Single-Family 70.1
Townhomes 3.5
Small Apt. Buildings 9.1
Apt. Complexes 14.0
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF St. Joseph HOMES
No Bedroom 2.23
1 Bedroom 10.51
2 Bedrooms 36.51
3 Bedrooms 35.13
4 Bedrooms 12.45
5 or more bedrooms 3.17