The housing market in Lemay, MO is slightly below the national average. The median value of a home in Lemay is $152,600, while the US median value is $338,100. While the US housing appreciation saw an 8.27% increase over the past year, Lemay experienced a 7.74% increase. This means that real estate prices have been steadily rising in Lemay as well, but at a slightly lower rate than the rest of the country. Despite this discrepancy in rates of appreciation, it remains clear that Lemay is an attractive place to purchase a home due to its affordability compared to other areas of the US.
The median home cost in Lemay is $152,600. Home appreciation the last 10 years has been 68.8%. Home Appreciation in Lemay is up 11.4%.
Average Age of Homes
- The median age of Lemay real estate is 63 years old
The Rental Market in Lemay
- Renters make up 21.9% of the Lemay population
- 0.4% of houses and apartments in Lemay, 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.