The housing market in New Melle, MO is a thriving one. The median value of homes in the area is $379,200, well above the US median of $338,100. Over the past year appreciation has been strong as well, with the median house value increasing 13.09%, much higher than the US 1 year appreciation rate of 8.27%. This indicates that now is a great time to buy or invest in New Melle MO's real estate market.
The median home cost in New Melle is $379,200. Home appreciation the last 10 years has been 82.8%. Home Appreciation in New Melle is up 13.2%.
Average Age of Homes
- The median age of New Melle real estate is 16 years old
The Rental Market in New Melle
- Renters make up 8.7% of the New Melle population
- 0.0% of houses and apartments in New Melle, 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.