Housing in Novelty, MO is significantly more affordable than the national average. The median value of homes in Novelty is $114,800, compared to the US House median value of $338,100. In addition, house appreciation over the last year was 13.45%, much higher than the 8.27% appreciation across the United States. Overall, this is good news for home owners and potential buyers in Novelty looking for an affordable place to live and invest in real estate.
The median home cost in Novelty is $114,800. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Novelty is up 17.1%.
Average Age of Homes
- The median age of Novelty real estate is 60 years old
The Rental Market in Novelty
- Renters make up 12.1% of the Novelty population
- 0.0% of houses and apartments in Novelty, 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.