Sunset Hills, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sunset Hills Neighborhoods Since 2000




Sunset Hills, 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

Sunset Hills Housing Market Information

With 8,539 people, 3,196 houses or apartments, and a median cost of homes of $300,975, Sunset Hills real estate is some of the most expensive in Missouri, although Sunset Hills home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sunset Hills, accounting for 86.18% of the city's housing units. Other types of housing that are prevalent in Sunset Hills include large apartment complexes or high rise apartments ( 11.31%), duplexes, homes converted to apartments or other small apartment buildings ( 1.15%), and a few row houses and other attached homes ( 1.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunset Hills. Owner-occupied housing accounts for 76.48% of Sunset Hills's homes, and 60.84% have either three or four bedrooms, which is average sized relative to America.

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. Sunset Hills's housing was primarily built during this period, from the '40s through the '60s. A full 43.03% of the city's housing hails from this era. Other housing ages represented in Sunset Hills include homes built between 1970-1999 ( 42.40%) and housing constructed between 2000 and later ( 11.37%). There's also some housing in Sunset Hills built before 1939 ( 3.20%).

Sunset Hills Home Appreciation Rates

Appreciation rates for homes in Sunset Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.90%, which ranks in the top 50% nationwide. This equates to an annual average Sunset Hills house appreciation rate of 0.38%.

Appreciation rates are so strong in Sunset Hills that despite a nationwide downturn in the housing market, Sunset Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunset Hills appreciation rates continue to be some of the highest in America, at 8.29%, which is higher than appreciation rates in 88.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunset Hills. Sunset Hills appreciation rates in the latest quarter were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Missouri, our data show that Sunset Hills's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$300,975

Sunset Hills, MO HOME PRICES

Value Range
> $1,150,000 3.5
$863,001 - $1,150,000 4.4
$575,001 - $863,000 16.7
$460,001 - $575,000 8.3
$345,001 - $460,000 14.5
$230,001 - $345,000 21.9
$115,001 - $230,000 23.2
$58,001 - $115,000 4.5
$0 - $58,000 2.9

Very High for MO
Very High for Nation

Value Relative to Nation Value Relative to State
16.2252431735615 4.2

Number Of Homes And Apartments:
3,196

Sunset Hills 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
44.71% 2.17% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,118 / per month

Homeownership Rate

Homeownership
Owners 76.48
Renters 23.52
Vacant 7.76

Housing Market Details

 

Age of Homes

AGE OF Sunset Hills HOMES
2000 or Newer 11.4
1970 - 1999 42.4
1940 - 1969 43.0
1939 or Older 3.2

Types of Homes

TYPE OF Sunset Hills HOMES
Single-Family 86.2
Townhomes 1.1
Small Apt. Buildings 1.2
Apt. Complexes 11.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Sunset Hills HOMES
No Bedroom 1.96
1 Bedroom 5.43
2 Bedrooms 19.45
3 Bedrooms 35.58
4 Bedrooms 25.25
5 or more bedrooms 12.32