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 a population of 8,488, 3,204 total housing units (homes and apartments), and a median house value of $232,802, house prices in Perryville are solidly below the national average.
Single-family detached homes are the single most common housing type in Perryville, accounting for 71.39% of the city's housing units. Other types of housing that are prevalent in Perryville include duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), large apartment complexes or high rise apartments ( 10.15%), and a few row houses and other attached homes ( 2.26%).
The most prevalent building size and type in Perryville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.88% owning and 41.12% 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. Perryville's housing was primarily built during this period, from the '40s through the '60s. A full 37.73% of the city's housing hails from this era. Other housing ages represented in Perryville include homes built between 1970-1999 ( 36.11%) and housing constructed between 2000 and later ( 17.26%). There's also some housing in Perryville built before 1939 ( 8.90%).
Vacant housing appears to be an issue in Perryville. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Perryville homes and apartments can be a drag on the real estate market, holding Perryville 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.
Perryville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Perryville during the period has been just 4.90%, which is lower than 80% of US communities.
Over the last year, Perryville appreciation rates have trailed the rest of the nation. In the last twelve months, Perryville's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Perryville were at -0.73%, which equates to an annual appreciation rate of -2.89%.
Notably, Perryville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Perryville's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.
$232,802
for Missouri
for nation
3,204
$1,448 / per month