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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gravois Mills, MO Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gravois Mills, MO Housing Market Trends

With a population of 134, 58 total housing units (homes and apartments), and a median house value of $319,541, Gravois Mills real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gravois Mills, accounting for 52.08% of the town's housing units. Other types of housing that are prevalent in Gravois Mills include mobile homes or trailers ( 22.92%), duplexes, homes converted to apartments or other small apartment buildings ( 17.71%).

Dwellings in Gravois Mills tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.17% of the homes in Gravois Mills have two or fewer bedrooms.

There is a lot of housing in Gravois Mills 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 Gravois Mills built between 2000 and later ( 22.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.75%). There's also some housing in Gravois Mills built before 1939 ( 2.08%).

Vacant housing appears to be an issue in Gravois Mills. Fully 39.58% of the housing stock is classified as vacant. Left unchecked, vacant Gravois Mills homes and apartments can be a drag on the real estate market, holding Gravois Mills 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.

Gravois Mills Home Appreciation Rates

Appreciation rates for homes in Gravois Mills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.96%, which ranks in the top 30% nationwide. This equates to an annual average Gravois Mills house appreciation rate of 7.75%.

Over the last year, Gravois Mills appreciation rates have trailed the rest of the nation. In the last twelve months, Gravois Mills's appreciation rate has been 0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gravois Mills were at -0.73%, which equates to an annual appreciation rate of -2.90%.

Notably, Gravois Mills's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Missouri, our data show that Gravois Mills's latest annual appreciation rate is lower than 70% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$319,541

Gravois Mills, MO Home Prices
> $1,456,000
$1,092,001 - $1,456,000
$728,001 - $1,092,000
$582,001 - $728,000
$437,001 - $582,000
$291,001 - $437,000
$146,001 - $291,000
$73,001 - $146,000
$0 - $73,000
2.0%
2.0%
1.9%
1.9%
7.5%
7.5%
8.3%
8.3%
6.3%
6.3%
22.6%
22.6%
26.7%
26.7%
8.4%
8.4%
16.2%
16.2%
0% 100.0%
% of Homes
Very High

for Missouri

High

for nation

Number of Homes And Apartments:

58

Gravois Mills Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,068 / per month

Homeownership Rate

Owners
Renters
77.6%
77.6%
22.4%
22.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
39.6%
39.6%
60.4%
60.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.9%
22.9%
56.3%
56.3%
18.8%
18.8%
2.1%
2.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.1%
52.1%
0.0%
0.0%
17.7%
17.7%
0.0%
0.0%
22.9%
22.9%
7.3%
7.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.2%
5.2%
11.5%
11.5%
37.5%
37.5%
31.3%
31.3%
13.5%
13.5%
1.0%
1.0%
0% 100.0%
% of Homes