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 52,518 people, 21,274 houses or apartments, and a median cost of homes of $211,658, house prices in Joplin are solidly below the national average.
Single-family detached homes are the single most common housing type in Joplin, accounting for 73.05% of the city's housing units. Other types of housing that are prevalent in Joplin include large apartment complexes or high rise apartments ( 13.65%), duplexes, homes converted to apartments or other small apartment buildings ( 8.17%), and a few row houses and other attached homes ( 3.79%).
The most prevalent building size and type in Joplin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.56% owning and 44.44% renting.
There is a lot of housing in Joplin 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 Joplin built between 2000 and later ( 30.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.97%). There's also some housing in Joplin built before 1939 ( 15.11%).
Vacant housing appears to be an issue in Joplin. Fully 11.88% of the housing stock is classified as vacant. Left unchecked, vacant Joplin homes and apartments can be a drag on the real estate market, holding Joplin 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 Joplin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.20% during the period.
Appreciation rates are so strong in Joplin that despite a nationwide downturn in the housing market, Joplin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Joplin appreciation rates continue to be some of the highest in America, at 13.30%, which is higher than appreciation rates in 95.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Joplin. Joplin appreciation rates in the latest quarter were at 0.18%, which equates to an annual appreciation rate of 0.72%.
Notably, Joplin's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Joplin's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Joplin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Joplin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Joplin real estate investment or home purchase decisions.
$211,658
for Missouri
for nation
21,274
$1,380 / per month