The housing market in Phelps, MO County is doing well compared to the national average. The median value of homes in Phelps is $171,200, which is considerably lower than the U.S. median value of $338,100. However, house appreciation over the past year has been higher in Phelps than it has been on a national level; while houses across the country have appreciated 8.27%, those in Phelps have increased 13.36%. With such an impressive rate of appreciation and relatively low median home values, Phelps is an attractive option for prospective homeowners looking for a good investment and an affordable place to live.
The median home cost in Phelps County is $171,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Phelps County is up 17.1%.
Average Age of Homes
- The median age of Phelps County real estate is 35 years old
The Rental Market in Phelps County
- Renters make up 33.0% of the Phelps County population
- 1.7% of houses and apartments in Phelps County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.