Velda City, MO is a great place to live with its affordable housing. The median value of the houses in Velda City, MO is $65,400 which is much lower than the US house median value of $338,100. Although the US has seen a 1 year house appreciation rate of 8.27%, Velda City, MO has also experienced an impressive 7.74% appreciation rate over the same period of time. This means that people who purchase homes in this area can expect their investments to increase in value over time.
The median home cost in Velda City is $65,400. Home appreciation the last 10 years has been 68.8%. Home Appreciation in Velda City is up 11.4%.
Average Age of Homes
- The median age of Velda City real estate is 70 years old
The Rental Market in Velda City
- Renters make up 32.3% of the Velda City population
- 1.3% of houses and apartments in Velda City, 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.