Nelson, MO is a small town with an affordable housing market. The median value of homes in the town is $63,600, which is significantly lower than the US median house value of $338,100. While the US house appreciation rate over the last year has been 8.27%, Nelson, MO has seen a much higher rate of 13.45% during this same time period. This speaks to the potential for growth in the housing market in Nelson and suggests that it could be a great place to invest in real estate for those looking for a relatively inexpensive option with significant potential return on investment.
The median home cost in Nelson is $63,600. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Nelson is up 17.1%.
Average Age of Homes
- The median age of Nelson real estate is 65 years old
The Rental Market in Nelson
- Renters make up 6.3% of the Nelson population
- 0.0% of houses and apartments in Nelson, 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.