Mill Spring, MO is known for its affordable housing prices, with the median value coming in at $61,200. This is significantly lower than the US House Median Value of $338,100. Despite this stark contrast in prices, Mill Spring’s houses have actually appreciated faster than the US rate over the past year with an appreciation rate of 13.45%, compared to the US 1 year House Appreciation of 8.27%. This combination of affordability and potential capital gains makes Mill Spring an attractive place to buy real estate.
The median home cost in Mill Spring is $61,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Mill Spring is up 17.1%.
Average Age of Homes
- The median age of Mill Spring real estate is 43 years old
The Rental Market in Mill Spring
- Renters make up 26.8% of the Mill Spring population
- 0.0% of houses and apartments in Mill Spring, 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.