The housing market in Rea, MO is very strong and has been steadily increasing in value over the past year. The median value of a home in Rea, MO is currently $191,400, which is significantly lower than the US median of $338,100. Despite being lower than the national average, Rea’s housing market has seen greater appreciation than the US in the last year with an increase of 11.42%, compared to 8.27% nationally. This strong appreciation rate is a testament to Rea’s surging housing market and indicates that now may be a good time to invest in real estate there.
The median home cost in Rea is $191,400. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Rea is up 11.0%.
Average Age of Homes
- The median age of Rea real estate is 57 years old
The Rental Market in Rea
- Renters make up 22.2% of the Rea population
- 0.0% of houses and apartments in Rea, 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.