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 29,312, 12,561 total housing units (homes and apartments), and a median house value of $216,000, house prices in Raytown are solidly below the national average.
Single-family detached homes are the single most common housing type in Raytown, accounting for 81.04% of the city's housing units. Other types of housing that are prevalent in Raytown include large apartment complexes or high rise apartments ( 8.86%), duplexes, homes converted to apartments or other small apartment buildings ( 4.93%), and a few row houses and other attached homes ( 4.54%).
The most prevalent building size and type in Raytown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.11% owning and 36.89% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Raytown's housing was primarily built during this period, from the '40s through the '60s. A full 66.58% of the city's housing hails from this era. Other housing ages represented in Raytown include homes built between 1970-1999 ( 26.86%) and housing constructed between 2000 and later ( 3.30%). There's also some housing in Raytown built before 1939 ( 3.26%).
In the last 10 years, Raytown has experienced some of the highest home appreciation rates of any community in the nation. Raytown real estate appreciated 144.31% over the last ten years, which is an average annual home appreciation rate of 9.34%, putting Raytown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Raytown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Raytown's appreciation rate, at 6.38%, has been at or slightly above the national average. In the latest quarter, Raytown's appreciation rate has been 2.29%, which annualizes to a rate of 9.46%.
Relative to Missouri, our data show that Raytown's latest annual appreciation rate is higher than 70% 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 Raytown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Raytown - 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 Raytown real estate investment or home purchase decisions.
$216,000
for Missouri
for nation
12,561
$1,796 / per month