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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.



Sullivan, 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

Sullivan, MO Housing Market Trends

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%).

Sullivan Home Appreciation Rates

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.

Average Home Values

Median Home Value

$265,182

Sullivan, MO Home Prices
> $1,545,000
$1,159,001 - $1,545,000
$772,001 - $1,159,000
$618,001 - $772,000
$464,001 - $618,000
$309,001 - $464,000
$155,001 - $309,000
$77,001 - $155,000
$0 - $77,000
0.2%
0.2%
2.2%
2.2%
1.8%
1.8%
5.6%
5.6%
7.5%
7.5%
15.8%
15.8%
48.3%
48.3%
13.3%
13.3%
5.3%
5.3%
0% 100.0%
% of Homes
High

for Missouri

Average

for nation

Number of Homes And Apartments:

2,769

Sullivan Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,401 / per month

Homeownership Rate

Owners
Renters
65.8%
65.8%
34.2%
34.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.9%
7.9%
92.1%
92.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.7%
18.7%
37.7%
37.7%
37.5%
37.5%
6.1%
6.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.2%
78.2%
1.7%
1.7%
12.6%
12.6%
6.5%
6.5%
0.9%
0.9%
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%
8.0%
8.0%
36.7%
36.7%
41.4%
41.4%
11.7%
11.7%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Sullivan

Zip Codes in Sullivan, MO