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Missouri real estate

Missouri – “Show Me” Some Housing Recovery!

Even though the Great Recession was officially declared “over” in 2009, Missouri’s jobs market has taken a whole lot longer to dig itself out of the trenches. In fact, the unemployment rate here didn’t even dip below 8% until January 2012. But, honestly, what people want to see most in the Show Me State now is some recovery in the housing market!

According to the Federal Reserve, this state started off 2013 with a housing market that was “soft”. The number of homes for sale around Missouri is going up, but the market here isn’t as strong as it is in other places. So, people here need to be content with steps in the right direction – no matter how small they seem to be.

In keeping with that trend, realtors in St. Louis say the prices in Missouri’s second-largest city are slowly moving upwards. By the end of 2012, the average price was about 1% higher. However, America as a whole saw prices rise more than 7 times that much!

Because of the lingering concerns, St. Louis’ rental market is still on fire – especially in the Downtown area. The only problem? The apartments for rent in St. Louis are getting harder and harder to come by. And the ones that are vacant are incredibly expensive. It’s not uncommon to see one bedroom apartments cost $1,000 per month – or more! And, until the St. Louis housing market picks up, rental prices will continue to go up.

OK, so what about Missouri’s biggest city – Kansas City?

Realtors in Kansas City had watched prices go down for years. Now, they say, prices have finally stabilized. And, making things even better, the time it’s taking homeowners to sell their homes has shortened considerably.

As of the end of 2012, the average selling price for a new home in Kansas City was $347,486 – a 16% increase compared to 2011. The average selling price for an existing home was $158,418 – an increase of 15% compared to 2011. So, homes here aren’t just selling faster; they’re selling for more money!

And, unlike many other metros, those prices aren’t being driven up by a lack of demand. Instead, realtors around Missouri say that Kansas City’s inventory was 4.8 months at the end of 2012 – just shy of the 6 months that real estate experts consider to be “healthy”.

So, even though the experts are still waiting for Missouri’s housing market to shift into high-gear, the market here has plenty to “show” – and much of it will leave you smiling!

Living in Missouri

Missouri has a lot to offer – with its rolling hills, open flatlands and prairies, intriguing caves, and more than 1,000 miles of navigable waterways!

The state is unofficially nicknamed the “Show Me State”, which implies that Missouri’s people show a commitment to common sense.

As far as the weather goes, the summers are generally hot and humid, and the winters are cold. In fact, those cold temperatures can be extreme because there aren’t any mountains here to block the cold Artic air.

Before you head off to Missouri, let’s go over some of its fast facts:

  • What is the population of Missouri?
  • The population of Missouri is 6,021,988
  • What is the capital of Missouri?
  • The capital of Missouri is Jefferson City
  • What is the largest city in Missouri?
  • The largest city is Kansas City

Because of its location, Missouri contains substantial amounts of limestone. In fact, the economy is driven by mining. Other major industries include food processing, chemicals, transportation equipment, electrical equipment, and aerospace.

Missouri’s tourism also helps to support its economy. The Gateway Arch, for example, is a major tourist attraction in St. Louis. It was constructed as a monument to the westward expansion of the U.S.

If you enjoy gardening, the Missouri Botanical Garden, also located in St. Louis, features 79 acres of horticultural display and a 14-acre Japanese strolling garden.

Art lovers will appreciate the St. Louis Art Museum, which is one of the chief art museums in the country. And best of all, admission is free – making it the perfect way to spend a budget-friendly day!

If you like the excitement of amusement parks, Six Flags St. Louis is located in Eureka, while Kansas City is home to Worlds of Fun, a 235-acre amusement park.

If you are a history buff, you will appreciate living in a state rich in history. Missouri is the starting point of both the Pony Express Trail and Oregon Trail. Plus, the Missouri River, which runs east to west separating Missouri into north and south, is well known for the adventures of Lewis and Clark.

Turns out Missouri has a lot to “show” you!

This is the Census data for Missouri

Population

Total population estimate for Missouri (July 1) 2012
6,021,988
Total population change for Missouri- April 1, 2010 to July 1, 2012
0.6%

Age

Percentage of the population that's under 5 years old in Missouri, 2011
6.4%
Percentage of the population that's under 18 years years old in Missouri, 2011
23.5%
Percentage of the population that's 65 years and over Missouri, 2011
14.2%

Gender

Percentage of the population that are females in Missouri, 2011
51.0%

Race breakdown for Missouri in percentages

White alone, 2011
84.0%
Black alone, 2011
11.7%
American Indian and Alaska Native alone,2011
0.5%
Asian alone, percent, 2011
1.7%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.9%
Hispanic or Latino Origin, 2011
3.7%
Not Hispanic, White alone, 2011
80.8%

A little more about the residents of Missouri

Percentage of residents who lived in the same house 1 year ago, 2007-2011
83.5%
Percent of residents who are foreign born 2007-2011
3.8%
Percent speaking a language other than English at home, 2007-2011
6.1%

Education

Percent high school graduates or higher for residents 25 years old and over in Missouri, 2007-2011
86.8%
Percent with a bachelor's degree or higher for residents 25 years old and over in Missouri, 2007-2011
25.4%

Veterans

Total number of Veterans living in Missouri 2007-2011
503,720

Communting

The average travel time to work for workers in Missouri (16 years and over not working at home), 2007-2011
23.3 mins

Real estate stats in Missouri

Housing unit estimates, 2011
2,723,415
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
69.5%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
19.6%
Median value of specified owner-occupied housing units, 2007-2011
$138,900.00
Households, 2007-2011
2,354,104
Average household size, 2007-2011
2.46

Income

Per capita income for Missouri in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$25,371.00
Median household income in Missouri, 2007-2011
$47,202.00
Percentage of people living in poverty in Missouri 2007-2011
14.3%

Business and commerce info for Missouri

Private nonfarm establishments, 2010
149,903
Private nonfarm employment for pay period including March 12, 2010
2,292,551
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-4.4%
Total number of businesses in Missouri, 2007
501,064
Percentage of Black-owned businesses in Missouri, 2007
4.9%
Percentage of American Indian- and Alaska Native-owned businesses in Missouri , 2007
0.6%
Percentage of Asian-owned businesses in Missouri, 2007
1.9%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Missouri, 2007
0.1%
Percentage of Hispanic-owned businesses in Missouri, 2007
1.2%
Percentage of Women-owned businesses in Missouri, 2007
26.1%

Land size and population

Size of Missouri in Square Miles, 2010
68,741.52 mi²
Population per square mile in Missouri, 2010
87.1

Missouri real estate

[Not Specified]

Advance

Amsterdam

Annapolis

Avondale

Barnette

Bel Ridge

Belgrade

Bella Villa

Bellefontaine Nghbrs

Belleville

Bel-nor

Black Jack

Blairstown

Bloomfield

Blythedale

Breckenridge

Breckenridge Hills

Brookfield

Broseley

BROWNINGTON

Calhoun

Calverton Park

Camden Point

Campbell

Cape Girardeau

Cardwell

Carrollton

Cascade

centerview

Cherryville

Chestnutridge

Clarence

Clarksdale

Clarkson Valley

Claycomo

Cole Camp

Cook Station

Cool Valley

Coon Island

Country Club

Courtois

Cowgill

Cross Timbers

Crystal Lake Park

Dadeville

Darlington

Dellwood

Doolittle

Drexel (Bates County)

Eagle Rock

Edmundson

El Dorado Springs

Ellington

ELLINGTON

Fairdealing

Fairport

Fletcher

Florence

Forest City

Fortuna

Freeburg

Freistatt

Fremont Hills

French Village

Gilman City

Glen Allen

Glen Echo Park

Glendale

Grantwood Village

Green Park

Green Ridge

Greenville

GREENVILLE

Grovespring

Hallsville

Hematite

Hoene Spring

Holcomb

Holliday

HumansvilleS

Hunnewell

Huntsville

Jackson

Jefferson City

Jenkins

Jerico Springs

Kansas City - Clay County

Kansas City - Platte County

Kansas Ctiy

Kennett

Kimberling CIty

Kingdom City

Kissee Mills

KNOB NOSTER

Knox City

La Grange

La Russell

Laddonia

Lake Lotawana

Lake Tapawingo

Lake Waukomis

Lake Winnebago

LaMonte

Lancaster

Lees Summit

Lesterville

Lincoln

Linneus

Loch Lloyd

Loose Creek

Marlborough

Marquand

MARQUAND

Martinsburg

McClurg

Merriam Woods

Merriam Woods Village

Middlebrook

Mineral Point

Mound City

Mount Vernon

Mountain View

Mt Sterling

Napoleon

NAYLOR

Nellyville

Normandy

North Kansas City

o fallon

Oakland

Oakview

Oakwood Manor

Oakwood Park

Old Appleton

Olympian Village

Osage Beach(Camden County)

Other City - Not In The State Of Florida

Outside Area (Inside Ca)

Outside Area (Outside Ca)

Pasadena Park

Pattonsburg

Paynesville

Phillipsburg

Pine Lawn

Pittsfield

Ponce De Leon

PoplarBluff

Portage Des Sioux

Portland

Powersite

Powersite City

Raymondville

Rayville

Reynolds

Rich Hill

Ritchie

Robertsville

Rockaway Beach

Rockport

Rockville

Rocky Comfort

Russellville

Saddlebrooke

Sappington

Scott City

Shelbyville

Shell Knob

Sikeston

Smithton

smithville

Southwest City

Spickard

St Louis

St. Lous

St. Roberts

Stanberry

Stanton

Summersville

Sunrise Beach(Camden County)

Sweet Springs

Taneyville

Tebbetts

Valles Mines

Vanzant

Village Of Oaks

Walnut Shade

WAPPAPELLO

WAPPELLO

Warensburg

Warrensubrg

Warresnburg

WARRNSBURG

Warson Woods

Waterloo

Waverly

Weatherby

Weatherby Lake

Wellington

Wellston

Wentworth

West Plains

Wheaton

Whiteside

Williamsburg

Williamsville

WILLIAMSVILLE

Willow Springs

Winchester

Windsor

WINDSOR

Windyville

Wood Heights

Woodson Terrace

Wyaconda