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 1,213 people, 533 houses or apartments, and a median cost of homes of $236,169, house prices in Dixon are solidly below the national average.
Single-family detached homes are the single most common housing type in Dixon, accounting for 82.49% of the city's housing units. Other types of housing that are prevalent in Dixon include duplexes, homes converted to apartments or other small apartment buildings ( 7.63%), large apartment complexes or high rise apartments ( 5.99%), and a few mobile homes or trailers ( 3.44%).
The most prevalent building size and type in Dixon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.81% owning and 41.19% 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. Dixon's housing was primarily built during this period, from the '40s through the '60s. A full 41.92% of the city's housing hails from this era. Other housing ages represented in Dixon include homes built between 1970-1999 ( 34.88%) and housing constructed between 2000 and later ( 12.57%). There's also some housing in Dixon built before 1939 ( 10.63%).
Vacant housing appears to be an issue in Dixon. Fully 20.21% of the housing stock is classified as vacant. Left unchecked, vacant Dixon homes and apartments can be a drag on the real estate market, holding Dixon 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 Dixon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.33%, which ranks in the top 30% nationwide. This equates to an annual average Dixon house appreciation rate of 7.46%.
Appreciation rates are so strong in Dixon that despite a nationwide downturn in the housing market, Dixon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dixon appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 84.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dixon. Dixon appreciation rates in the latest quarter were at 2.66%, which equates to an annual appreciation rate of 11.08%.
Importantly, this makes Dixon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Missouri, our data show that Dixon's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.
$236,169
for Missouri
for nation
533
$1,063 / per month