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 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.
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.
$235,075
for Missouri
for nation
2,653
$1,181 / per month