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 6,858, 2,769 total housing units (homes and apartments), and a median house value of $265,182, Sullivan 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 Sullivan, accounting for 78.22% of the city's housing units. Other types of housing that are prevalent in Sullivan include duplexes, homes converted to apartments or other small apartment buildings ( 12.57%), large apartment complexes or high rise apartments ( 6.55%), and a few row houses and other attached homes ( 1.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sullivan. Owner-occupied housing accounts for 65.82% of Sullivan's homes, and 53.06% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sullivan 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 Sullivan built between 1940-1969 ( 37.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.65%). There's also some housing in Sullivan built before 1939 ( 6.12%).
Appreciation rates for homes in Sullivan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.04%, which ranks in the top 30% nationwide. This equates to an annual average Sullivan house appreciation rate of 7.50%.
Appreciation rates are so strong in Sullivan that despite a nationwide downturn in the housing market, Sullivan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sullivan appreciation rates continue to be some of the highest in America, at 10.88%, which is higher than appreciation rates in 90.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sullivan. Sullivan appreciation rates in the latest quarter were at 0.70%, which equates to an annual appreciation rate of 2.83%.
Relative to Missouri, our data show that Sullivan's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.
$265,182
for Missouri
for nation
2,769
$1,401 / per month