Cobalt, MO is a great place to invest in housing. The median value of houses in Cobalt is $56,300 which is significantly lower than the US median house value of $338,100. This means that house buyers can secure real estate at a much lower cost than other parts of the country. In addition, the 1 year house appreciation rate in Cobalt is 13.45%, significantly higher than the national average of 8.27%. These factors make Cobalt an attractive destination for potential home buyers who are looking for a good deal on their purchase.
The median home cost in Cobalt is $56,300. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Cobalt is up 17.1%.
Average Age of Homes
- The median age of Cobalt real estate is 56 years old
The Rental Market in Cobalt
- Renters make up 30.3% of the Cobalt population
- 0.0% of houses and apartments in Cobalt, 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.