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 93,663 people, 34,174 houses or apartments, and a median cost of homes of $402,693, O'Fallon real estate is some of the most expensive in Missouri, although O'Fallon home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in O'Fallon, accounting for 74.19% of the city's housing units. Other types of housing that are prevalent in O'Fallon include large apartment complexes or high rise apartments ( 10.35%), row houses and other attached homes ( 9.70%), and a few mobile homes or trailers ( 3.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in O'Fallon. Owner-occupied housing accounts for 80.54% of O'Fallon's homes, and 72.19% have either three or four bedrooms, which is average sized relative to America.
O'Fallon homes and real estate are some of the newest in America. 47.76% of O'Fallon's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the O'Fallon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.71%), and between 1940-1969 ( 5.47%). There's also some housing in O'Fallon built before 1939 ( 1.06%).
Appreciation rates for homes in O'Fallon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.43%, which ranks in the top 40% nationwide. This equates to an annual average O'Fallon house appreciation rate of 7.41%.
Appreciation rates are so strong in O'Fallon that despite a nationwide downturn in the housing market, O'Fallon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, O'Fallon appreciation rates continue to be some of the highest in America, at 13.07%, which is higher than appreciation rates in 79.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in O'Fallon. O'Fallon appreciation rates in the latest quarter were at 3.99%, which equates to an annual appreciation rate of 16.93%.
Relative to Missouri, our data show that O'Fallon's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within O'Fallon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in O'Fallon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best O'Fallon real estate investment or home purchase decisions.
$402,693
for Missouri
for nation
34,174
$2,017 / per month