Thayer, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thayer, 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

Thayer Housing Market Information

With a population of 2,245, 935 total housing units (homes and apartments), and a median house value of $77,380, house prices in Thayer 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 Thayer, accounting for 77.63% of the city's housing units. Other types of housing that are prevalent in Thayer include duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), mobile homes or trailers ( 6.40%), and a few large apartment complexes or high rise apartments ( 5.19%).

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

There is a lot of housing in Thayer 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 Thayer built between 1940-1969 ( 37.93%). A lesser amount of the housing stock also hails from before 1939 ( 14.83%). There's also some housing in Thayer built between 2000 and later ( 5.59%).

Vacant housing appears to be an issue in Thayer. Fully 24.23% of the housing stock is classified as vacant. Left unchecked, vacant Thayer homes and apartments can be a drag on the real estate market, holding Thayer 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.

Thayer Home Appreciation Rates

Real estate appreciation rates in Thayer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

Over the last year, Thayer appreciation rates have trailed the rest of the nation. In the last twelve months, Thayer's appreciation rate has been 1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thayer were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$77,380

Thayer, MO HOME PRICES

Value Range
> $1,064,000 0.2
$798,001 - $1,064,000 0.0
$532,001 - $798,000 0.0
$426,001 - $532,000 0.2
$319,001 - $426,000 1.4
$213,001 - $319,000 6.8
$106,001 - $213,000 24.6
$53,001 - $106,000 34.9
$0 - $53,000 31.9

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
92.0602367279972 90.6

Number Of Homes And Apartments:
935

Thayer 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
40.82% 2.00% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$612 / per month

Homeownership Rate

Homeownership
Owners 51.66
Renters 48.34
Vacant 24.23

Housing Market Details

 

Age of Homes

AGE OF Thayer HOMES
2000 or Newer 5.6
1970 - 1999 41.7
1940 - 1969 37.9
1939 or Older 14.8

Types of Homes

TYPE OF Thayer HOMES
Single-Family 77.6
Townhomes 0.0
Small Apt. Buildings 10.8
Apt. Complexes 5.2
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Thayer HOMES
No Bedroom 3.00
1 Bedroom 13.29
2 Bedrooms 44.00
3 Bedrooms 26.26
4 Bedrooms 13.05
5 or more bedrooms 0.41

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Zip Codes in Thayer, MO