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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.



Festus, 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

Festus, MO Housing Market Trends

With 13,193 people, 5,021 houses or apartments, and a median cost of homes of $268,236, Festus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Festus, accounting for 68.62% of the city's housing units. Other types of housing that are prevalent in Festus include duplexes, homes converted to apartments or other small apartment buildings ( 14.15%), large apartment complexes or high rise apartments ( 9.08%), and a few mobile homes or trailers ( 5.92%).

The most prevalent building size and type in Festus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.86% owning and 45.15% renting.

There is a lot of housing in Festus 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 Festus built between 1940-1969 ( 32.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.69%). There's also some housing in Festus built before 1939 ( 6.69%).

Festus Home Appreciation Rates

Festus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Festus during the period has been just 5.69%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Festus's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, Festus's appreciation rate has been 1.09%, which annualizes to a rate of 4.45%.

Relative to Missouri, our data show that Festus's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$268,236

Festus, MO Home Prices
> $1,355,000
$1,016,001 - $1,355,000
$678,001 - $1,016,000
$542,001 - $678,000
$407,001 - $542,000
$271,001 - $407,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
0.6%
0.6%
0.1%
0.1%
1.2%
1.2%
3.9%
3.9%
12.1%
12.1%
29.6%
29.6%
42.8%
42.8%
6.3%
6.3%
3.3%
3.3%
0% 100.0%
% of Homes
High

for Missouri

Average

for nation

Number of Homes And Apartments:

5,021

Festus Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,519 / per month

Homeownership Rate

Owners
Renters
54.9%
54.9%
45.1%
45.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.2%
7.2%
92.8%
92.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.7%
24.7%
35.9%
35.9%
32.8%
32.8%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.6%
68.6%
2.2%
2.2%
14.1%
14.1%
9.1%
9.1%
5.9%
5.9%
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
0.0%
0.0%
11.4%
11.4%
30.2%
30.2%
43.4%
43.4%
13.5%
13.5%
1.5%
1.5%
0% 100.0%
% of Homes