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 3,160 people, 1,151 houses or apartments, and a median cost of homes of $232,335, house prices in Cuba are solidly below the national average.
Single-family detached homes are the single most common housing type in Cuba, accounting for 74.28% of the city's housing units. Other types of housing that are prevalent in Cuba include duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), large apartment complexes or high rise apartments ( 6.71%), and a few mobile homes or trailers ( 3.39%).
People in Cuba primarily live in small (one, two or no bedroom) single-family detached homes. Cuba has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Cuba 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 Cuba built between 1940-1969 ( 32.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 29.26%).
Vacant housing appears to be an issue in Cuba. Fully 13.20% of the housing stock is classified as vacant. Left unchecked, vacant Cuba homes and apartments can be a drag on the real estate market, holding Cuba 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 Cuba's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.89% during the period.
Over the last year, Cuba appreciation rates have trailed the rest of the nation. In the last twelve months, Cuba's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cuba were at -0.73%, which equates to an annual appreciation rate of -2.89%.
Notably, Cuba's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Cuba's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.
$232,335
for Missouri
for nation
1,151
$1,288 / per month