The housing market in Gallatin, MO is thriving. The median house value in the area is $204,900, which is significantly lower than the US median value of $338,100. This makes it an attractive option for those looking to buy a home on a budget. Furthermore, appreciation of house values over the previous year has been 13.45%, higher than the US appreciation of 8.27%. This indicates that Gallatin's housing market is doing well and is likely to continue to appreciate in value.
The median home cost in Gallatin is $204,900. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Gallatin is up 17.1%.
Average Age of Homes
- The median age of Gallatin real estate is 51 years old
The Rental Market in Gallatin
- Renters make up 26.6% of the Gallatin population
- 4.2% of houses and apartments in Gallatin, 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.