Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,226, 338 total housing units (homes and apartments), and a median house value of $290,264, Reeds Spring real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Reeds Spring, accounting for 64.99% of the city's housing units. Other types of housing that are prevalent in Reeds Spring include duplexes, homes converted to apartments or other small apartment buildings ( 20.42%), mobile homes or trailers ( 7.69%), and a few large apartment complexes or high rise apartments ( 5.31%).
The most prevalent building size and type in Reeds Spring are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.43% owning and 37.57% renting.
There is a lot of housing in Reeds Spring built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Reeds Spring built between 2000 and later ( 35.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.90%). There's also some housing in Reeds Spring built before 1939 ( 3.45%).
Vacant housing appears to be an issue in Reeds Spring. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Reeds Spring homes and apartments can be a drag on the real estate market, holding Reeds Spring real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Reeds Spring's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.96% during the period.
Over the last year, Reeds Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Reeds Spring's appreciation rate has been 1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reeds Spring were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Reeds Spring's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Reeds Spring's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.
$290,264
for Missouri
for nation
338
$1,259 / per month