The housing market in O'Fallon, MO is growing rapidly, with the median value of homes rising above the national median. Currently, the median housing value in O'Fallon stands at $326,900, which is significantly higher than the national median of $338,100. Furthermore, house appreciation in O'Fallon has risen by an impressive 13.09% over the past year - well above the national average of 8.27%. This indicates that there is a strong demand for real estate in O'Fallon and people are willing to pay high prices for homes in this area.
The median home cost in O'Fallon is $326,900. Home appreciation the last 10 years has been 82.8%. Home Appreciation in O'Fallon is up 13.2%.
Average Age of Homes
- The median age of O'Fallon real estate is 18 years old
The Rental Market in O'Fallon
- Renters make up 18.9% of the O'Fallon population
- 0.3% of houses and apartments in O'Fallon, 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.