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 2,172, 1,139 total housing units (homes and apartments), and a median house value of $246,424, house prices in Lake Ozark are solidly below the national average.
Single-family detached homes are the single most common housing type in Lake Ozark, accounting for 49.95% of the city's housing units. Other types of housing that are prevalent in Lake Ozark include large apartment complexes or high rise apartments ( 33.80%), duplexes, homes converted to apartments or other small apartment buildings ( 8.88%), and a few row houses and other attached homes ( 7.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Ozark. Owner-occupied housing accounts for 66.20% of Lake Ozark's homes, and 57.92% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Ozark 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 Lake Ozark built between 2000 and later ( 31.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.64%).
A decent proportion of the Lake Ozark housing stock is seasonally occupied. That is, homes and condos in Lake Ozark are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Ozark housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Lake Ozark have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.84%, which ranks in the top 50% nationwide. This equates to an annual average Lake Ozark house appreciation rate of 6.73%.
Over the last year, Lake Ozark appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Ozark's appreciation rate has been -0.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Ozark were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Lake Ozark's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Lake Ozark's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.
$246,424
for Missouri
for nation
1,139
$1,158 / per month