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 20,322 people, 8,222 houses or apartments, and a median cost of homes of $215,041, house prices in Rolla are solidly below the national average.
Single-family detached homes are the single most common housing type in Rolla, accounting for 47.71% of the city's housing units. Other types of housing that are prevalent in Rolla include duplexes, homes converted to apartments or other small apartment buildings ( 25.18%), large apartment complexes or high rise apartments ( 22.08%), and a few row houses and other attached homes ( 3.41%).
Rolla is dominated by renter-occupied one, two, or no bedrooms apartments. 65.26% of Rolla's dwellings are rentals.
There is a lot of housing in Rolla 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 Rolla built between 2000 and later ( 28.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.29%). There's also some housing in Rolla built before 1939 ( 3.45%).
Vacant housing appears to be an issue in Rolla. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Rolla homes and apartments can be a drag on the real estate market, holding Rolla 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.
Rolla's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rolla during the period has been just 4.60%, which is lower than 80% of US communities.
Over the last year, Rolla appreciation rates have trailed the rest of the nation. In the last twelve months, Rolla's appreciation rate has been 0.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rolla were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Rolla's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Rolla's latest annual appreciation rate is lower 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 Rolla differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rolla - 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 Rolla real estate investment or home purchase decisions.
$215,041
for Missouri
for nation
8,222
$1,349 / per month