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 1,355 people, 466 houses or apartments, and a median cost of homes of $210,288, house prices in Gerald are solidly below the national average.
Single-family detached homes are the single most common housing type in Gerald, accounting for 69.98% of the city's housing units. Other types of housing that are prevalent in Gerald include duplexes, homes converted to apartments or other small apartment buildings ( 15.10%), mobile homes or trailers ( 11.37%), and a few large apartment complexes or high rise apartments ( 2.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gerald. Owner-occupied housing accounts for 69.24% of Gerald's homes, and 58.61% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gerald 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 Gerald built between 1940-1969 ( 26.82%). A lesser amount of the housing stock also hails from before 1939 ( 15.81%). There's also some housing in Gerald built between 2000 and later ( 9.41%).
Vacant housing appears to be an issue in Gerald. Fully 17.23% of the housing stock is classified as vacant. Left unchecked, vacant Gerald homes and apartments can be a drag on the real estate market, holding Gerald 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.
Gerald's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gerald during the period has been just 5.61%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Gerald's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Gerald's appreciation rate has been 1.09%, which annualizes to a rate of 4.45%.
Relative to Missouri, our data show that Gerald's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.
$210,288
for Missouri
for nation
466
$1,351 / per month