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 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.
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.
$319,541
for Missouri
for nation
58
$1,068 / per month