Sullivan, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sullivan, 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

Sullivan Housing Market Information

With a population of 7,135, 2,885 total housing units (homes and apartments), and a median house value of $118,972, house prices in Sullivan are solidly below the national average.

Single-family detached homes are the single most common housing type in Sullivan, accounting for 69.77% of the city's housing units. Other types of housing that are prevalent in Sullivan include duplexes, homes converted to apartments or other small apartment buildings ( 13.00%), large apartment complexes or high rise apartments ( 11.50%), and a few row houses and other attached homes ( 3.47%).

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

There is a lot of housing in Sullivan 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 Sullivan built between 1940-1969 ( 30.82%). A lesser amount of the housing stock also hails from before 1939 ( 13.07%). There's also some housing in Sullivan built between 2000 and later ( 12.66%).

Sullivan Home Appreciation Rates

Real estate appreciation rates in Sullivan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.41% during the period.

Over the last year, Sullivan appreciation rates have trailed the rest of the nation. In the last twelve months, Sullivan's appreciation rate has been 2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sullivan were at 0.82%, which equates to an annual appreciation rate of 3.31%.

Relative to Missouri, our data show that Sullivan's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$118,972

Sullivan, MO HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.2
$535,001 - $802,000 0.7
$428,001 - $535,000 0.8
$321,001 - $428,000 3.3
$214,001 - $321,000 8.1
$107,001 - $214,000 43.6
$54,001 - $107,000 30.4
$0 - $54,000 13.0

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
66.0758232743467 53.3

Number Of Homes And Apartments:
2,885

Sullivan 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
28.42% 1.46% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 46.90
Renters 53.10
Vacant 9.82

Housing Market Details

 

Age of Homes

AGE OF Sullivan HOMES
2000 or Newer 12.7
1970 - 1999 43.5
1940 - 1969 30.8
1939 or Older 13.1

Types of Homes

TYPE OF Sullivan HOMES
Single-Family 69.8
Townhomes 3.5
Small Apt. Buildings 13.0
Apt. Complexes 11.5
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Sullivan HOMES
No Bedroom 0.25
1 Bedroom 7.94
2 Bedrooms 43.17
3 Bedrooms 41.36
4 Bedrooms 7.10
5 or more bedrooms 0.19

Popular Neighborhoods in Sullivan

Zip Codes in Sullivan, MO