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 4,581, 1,793 total housing units (homes and apartments), and a median house value of $154,218, house prices in Fredericktown are some of the most affordable in Missouri as well as the nation.
Single-family detached homes are the single most common housing type in Fredericktown, accounting for 72.32% of the city's housing units. Other types of housing that are prevalent in Fredericktown include duplexes, homes converted to apartments or other small apartment buildings ( 10.21%), large apartment complexes or high rise apartments ( 7.10%), and a few row houses and other attached homes ( 5.40%).
The most prevalent building size and type in Fredericktown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.41% owning and 42.59% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fredericktown's housing was primarily built during this period, from the '40s through the '60s. A full 39.69% of the city's housing hails from this era. Other housing ages represented in Fredericktown include homes built between 1970-1999 ( 39.01%) and housing constructed before 1939 ( 11.09%). There's also some housing in Fredericktown built between 2000 and later ( 10.21%).
Vacant housing appears to be an issue in Fredericktown. Fully 12.79% of the housing stock is classified as vacant. Left unchecked, vacant Fredericktown homes and apartments can be a drag on the real estate market, holding Fredericktown 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.
Appreciation rates for homes in Fredericktown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.30%, which ranks in the top 50% nationwide. This equates to an annual average Fredericktown house appreciation rate of 7.09%.
Over the last year, Fredericktown appreciation rates have trailed the rest of the nation. In the last twelve months, Fredericktown's appreciation rate has been 3.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fredericktown were at 0.57%, which equates to an annual appreciation rate of 2.29%.
Relative to Missouri, our data show that Fredericktown's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.
$154,218
for Missouri
for nation
1,793
$1,374 / per month