The housing market in Crane, MO is thriving and growing at a rapid pace. The median value for homes in the area is $115,500, which is significantly lower than the US House Median Value of $338,100. Despite the lower median value, the one year house appreciation rate in Crane is 17.08%, which is much higher than US 1 year house appreciation rate of 8.27%. This indicates that people are investing more heavily in Crane's housing market and that prices are increasing quickly. It appears that this trend will continue and should be worth keeping an eye on for potential buyers or investors.
The median home cost in Crane is $115,500. Home appreciation the last 10 years has been 92.6%. Home Appreciation in Crane is up 21.4%.
Average Age of Homes
- The median age of Crane real estate is 51 years old
The Rental Market in Crane
- Renters make up 33.9% of the Crane population
- 4.3% of houses and apartments in Crane, 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.