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 1,047 people, 399 houses or apartments, and a median cost of homes of $204,812, house prices in Stover are solidly below the national average.
Single-family detached homes are the single most common housing type in Stover, accounting for 76.82% of the city's housing units. Other types of housing that are prevalent in Stover include mobile homes or trailers ( 11.37%), large apartment complexes or high rise apartments ( 7.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.08%).
The most prevalent building size and type in Stover are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.16% owning and 39.84% renting.
There is a lot of housing in Stover 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 Stover built between 1940-1969 ( 37.77%). A lesser amount of the housing stock also hails from before 1939 ( 22.10%). There's also some housing in Stover built between 2000 and later ( 1.50%).
Vacant housing appears to be an issue in Stover. Fully 14.38% of the housing stock is classified as vacant. Left unchecked, vacant Stover homes and apartments can be a drag on the real estate market, holding Stover 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 Stover's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.
Over the last year, Stover appreciation rates have trailed the rest of the nation. In the last twelve months, Stover's appreciation rate has been 1.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stover were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Stover's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Stover's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.
$204,812
for Missouri
for nation
399
$1,127 / per month