The housing market in 63869 New Madrid, MO is very vibrant. The median value of housing is $124,300 which is significantly lower than the US House Median Value of $338,100. This makes it an attractive option for those looking to purchase a home in the area. In addition, house appreciation has been strong with a 1 year appreciation rate of 13.45%, higher than the national average of 8.27%. This indicates that there are good opportunities for investment and growth in the local real estate market. Overall, 63869 New Madrid, MO is an excellent place to find affordable housing with good prospects for appreciation in the near future.
The median home cost in New Madrid (zip 63869) is $124,300. Home appreciation the last 10 years has been 73.2%. Home Appreciation in New Madrid (zip 63869) is up 17.1%.
Average Age of Homes
- The median age of New Madrid (zip 63869) real estate is 41 years old
The Rental Market in New Madrid (zip 63869)
- Renters make up 35.0% of the New Madrid (zip 63869) population
- 1.1% of houses and apartments in New Madrid (zip 63869), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.