The housing market in Morrisville, MO is booming. The median value of a house in the town is $233,200, which is considerably lower than the U.S. median value of $338,100. However, what really sets Morrisville apart over the past year is its appreciation rate; it was at 16.70%, more than double the national average of 8.27%. This means that property owners have seen their investments grow significantly even within a short span of time, making Morrisville an appealing place to invest in real estate.
The median home cost in Morrisville is $233,200. Home appreciation the last 10 years has been 92.0%. Home Appreciation in Morrisville is up 20.0%.
Average Age of Homes
- The median age of Morrisville real estate is 40 years old
The Rental Market in Morrisville
- Renters make up 33.9% of the Morrisville population
- 0.4% of houses and apartments in Morrisville, 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.