The housing market in 64480 Rea, MO is very healthy. The median value of homes in the area is $192,100, which is much lower than the national median value of $338,100. However, what makes the housing market in 64480 Rea, MO especially attractive is that it has experienced an appreciation rate of 11.42%, significantly higher than the national average of 8.27%. This indicates that homes are increasing in value at a faster rate than most other parts of the country and could be a great investment for potential homeowners.
The median home cost in Rea (zip 64480) is $192,100. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Rea (zip 64480) is up 11.0%.
Average Age of Homes
- The median age of Rea (zip 64480) real estate is 60 years old
The Rental Market in Rea (zip 64480)
- Renters make up 13.8% of the Rea (zip 64480) population
- 0.0% of houses and apartments in Rea (zip 64480), 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.