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 12,528, 4,874 total housing units (homes and apartments), and a median house value of $223,661, house prices in West Plains are solidly below the national average.
Single-family detached homes are the single most common housing type in West Plains, accounting for 72.44% of the city's housing units. Other types of housing that are prevalent in West Plains include large apartment complexes or high rise apartments ( 10.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.32%), and a few mobile homes or trailers ( 4.38%).
The most prevalent building size and type in West Plains are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.58% owning and 54.42% renting.
There is a lot of housing in West Plains 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 West Plains built between 1940-1969 ( 22.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.99%). There's also some housing in West Plains built before 1939 ( 9.60%).
Vacant housing appears to be an issue in West Plains. Fully 13.18% of the housing stock is classified as vacant. Left unchecked, vacant West Plains homes and apartments can be a drag on the real estate market, holding West Plains 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.
Real estate appreciation rates in West Plains's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.84% during the period.
Over the last year, West Plains appreciation rates have trailed the rest of the nation. In the last twelve months, West Plains's appreciation rate has been 2.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Plains were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, West Plains's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that West Plains's latest annual appreciation rate is higher than 50% 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 West Plains differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Plains - 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 West Plains real estate investment or home purchase decisions.
$223,661
for Missouri
for nation
4,874
$1,132 / per month