Ernest, MO is a great area to invest in housing. The median value of homes in Ernest is $209,600, which is much lower than the US median value of $338,100. However, the 1 year appreciation rate for Ernest homes is 17.08%, significantly higher than the US average of 8.27%. Therefore this makes Ernest an attractive place to purchase real estate and invest in housing due to its potential for growth and increase in property value.
The median home cost in Ernest is $209,600. Home appreciation the last 10 years has been 92.6%. Home Appreciation in Ernest is up 21.4%.
Average Age of Homes
- The median age of Ernest real estate is 45 years old
The Rental Market in Ernest
- Renters make up 32.0% of the Ernest population
- 10.2% of houses and apartments in Ernest, 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.