menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Boonville, MO Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boonville, MO Housing Market Trends

With 7,666 people, 2,653 houses or apartments, and a median cost of homes of $235,075, house prices in Boonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Boonville, accounting for 72.59% of the city's housing units. Other types of housing that are prevalent in Boonville include duplexes, homes converted to apartments or other small apartment buildings ( 11.47%), large apartment complexes or high rise apartments ( 7.96%), and a few row houses and other attached homes ( 4.07%).

The most prevalent building size and type in Boonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.92% owning and 43.08% renting.

There is a lot of housing in Boonville 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 Boonville built between 1940-1969 ( 30.06%). A lesser amount of the housing stock also hails from before 1939 ( 23.68%). There's also some housing in Boonville built between 2000 and later ( 10.92%).

Vacant housing appears to be an issue in Boonville. Fully 18.19% of the housing stock is classified as vacant. Left unchecked, vacant Boonville homes and apartments can be a drag on the real estate market, holding Boonville 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.

Boonville Home Appreciation Rates

Appreciation rates for homes in Boonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.12%, which ranks in the top 40% nationwide. This equates to an annual average Boonville house appreciation rate of 7.40%.

Appreciation rates are so strong in Boonville that despite a nationwide downturn in the housing market, Boonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Boonville appreciation rates continue to be some of the highest in America, at 13.30%, which is higher than appreciation rates in 95.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Boonville. Boonville appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.12%.

Relative to Missouri, our data show that Boonville's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$235,075

Boonville, MO Home Prices
> $1,564,000
$1,173,001 - $1,564,000
$782,001 - $1,173,000
$625,001 - $782,000
$469,001 - $625,000
$313,001 - $469,000
$156,001 - $313,000
$78,001 - $156,000
$0 - $78,000
0.0%
0.0%
0.0%
0.0%
0.6%
0.6%
0.9%
0.9%
5.8%
5.8%
19.6%
19.6%
50.3%
50.3%
16.3%
16.3%
6.4%
6.4%
0% 100.0%
% of Homes
Average

for Missouri

Average

for nation

Number of Homes And Apartments:

2,653

Boonville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,181 / per month

Homeownership Rate

Owners
Renters
56.9%
56.9%
43.1%
43.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.2%
18.2%
81.8%
81.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.9%
10.9%
35.3%
35.3%
30.1%
30.1%
23.7%
23.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.6%
72.6%
4.1%
4.1%
11.5%
11.5%
8.0%
8.0%
3.9%
3.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
11.6%
11.6%
31.5%
31.5%
35.1%
35.1%
15.0%
15.0%
4.5%
4.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Boonville

Zip Codes in Boonville, MO