The housing market in Drexel, MO is doing quite well. The median value for housing in Drexel is $236,800, which is significantly lower than the US median of $338,100. Despite this discrepancy, the one year appreciation rate in Drexel stands at a solid 12.17%, higher than the 8.27% national average. This suggests that investing in property in Drexel is a safe and potentially rewarding option for potential buyers.
The median home cost in Drexel is $236,800. Home appreciation the last 10 years has been 99.4%. Home Appreciation in Drexel is up 15.1%.
Average Age of Homes
- The median age of Drexel real estate is 44 years old
The Rental Market in Drexel
- Renters make up 32.5% of the Drexel population
- 0.0% of houses and apartments in Drexel, 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.