Housing in Licking, MO has seen a healthy appreciation rate of 13.45% over the past year, which is higher than the national average of 8.27%. The median value of a house in Licking, MO is $159,500, which is considerably lower than the US median housing value of $338,100. Despite the lower median value, homes in Licking have still performed well and are likely to continue to appreciate due to increased demand for housing in the area.
The median home cost in Licking is $159,500. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Licking is up 17.1%.
Average Age of Homes
- The median age of Licking real estate is 44 years old
The Rental Market in Licking
- Renters make up 50.0% of the Licking population
- 2.0% of houses and apartments in Licking, 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.