The housing market in Fayette, MO is thriving. The median value of a house in the area is $170,700, which is significantly lower than the US median housing value of $338,100. Additionally, the appreciation rate for homes over the past year has been 10.77%, higher than the national average of 8.27%. This demonstrates that Fayette is an attractive area for those looking to buy or invest in property. The combination of high returns and low prices make it an ideal place to live or invest in real estate.
The median home cost in Fayette is $170,700. Home appreciation the last 10 years has been 67.1%. Home Appreciation in Fayette is up 15.2%.
Average Age of Homes
- The median age of Fayette real estate is 54 years old
The Rental Market in Fayette
- Renters make up 27.1% of the Fayette population
- 0.4% of houses and apartments in Fayette, 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.