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 6,487, 1,907 total housing units (homes and apartments), and a median house value of $269,855, Bonne Terre 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 Bonne Terre, accounting for 74.18% of the city's housing units. Other types of housing that are prevalent in Bonne Terre include large apartment complexes or high rise apartments ( 13.58%), mobile homes or trailers ( 8.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.12%).
The most prevalent building size and type in Bonne Terre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.10% owning and 57.90% renting.
There is a lot of housing in Bonne Terre 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 Bonne Terre built before 1939 ( 28.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.00%). There's also some housing in Bonne Terre built between 2000 and later ( 16.03%).
Vacant housing appears to be an issue in Bonne Terre. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Bonne Terre homes and apartments can be a drag on the real estate market, holding Bonne Terre 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 Bonne Terre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.
Over the last year, Bonne Terre appreciation rates have trailed the rest of the nation. In the last twelve months, Bonne Terre's appreciation rate has been -1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bonne Terre were at 0.57%, which equates to an annual appreciation rate of 2.29%.
Relative to Missouri, our data show that Bonne Terre's latest annual appreciation rate is lower than 90% of the other cities and towns in Missouri.
$269,855
for Missouri
for nation
1,907
$983 / per month