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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Raymore, MO Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Raymore, MO Housing Market Trends

With a population of 24,203, 8,601 total housing units (homes and apartments), and a median house value of $396,598, Raymore real estate is some of the most expensive in Missouri, although Raymore home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Raymore, accounting for 84.15% of the city's housing units. Other types of housing that are prevalent in Raymore include duplexes, homes converted to apartments or other small apartment buildings ( 5.59%), large apartment complexes or high rise apartments ( 5.20%), and a few row houses and other attached homes ( 4.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Raymore. Owner-occupied housing accounts for 77.84% of Raymore's homes, and 73.98% have either three or four bedrooms, which is average sized relative to America.

Raymore homes and real estate are some of the newest in America. 48.47% of Raymore's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Raymore real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 46.45%), and between 1940-1969 ( 4.51%).

Raymore Home Appreciation Rates

In the last 10 years, Raymore has experienced some of the highest home appreciation rates of any community in the nation. Raymore real estate appreciated 113.09% over the last ten years, which is an average annual home appreciation rate of 7.86%, putting Raymore in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Raymore definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Raymore's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Raymore's appreciation rate has been -0.75%, which annualizes to a rate of -2.96%.

Notably, Raymore's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Missouri, our data show that Raymore's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Raymore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Raymore - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Raymore real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$396,598

Raymore, MO Home Prices
> $1,339,000
$1,004,001 - $1,339,000
$670,001 - $1,004,000
$535,001 - $670,000
$402,001 - $535,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
1.5%
1.5%
1.0%
1.0%
3.0%
3.0%
11.8%
11.8%
24.0%
24.0%
39.7%
39.7%
14.4%
14.4%
3.2%
3.2%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Missouri

High

for nation

Number of Homes And Apartments:

8,601

Raymore Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,176 / per month

Homeownership Rate

Owners
Renters
77.8%
77.8%
22.2%
22.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.1%
2.1%
97.9%
97.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
48.5%
48.5%
46.5%
46.5%
4.5%
4.5%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.2%
84.2%
4.6%
4.6%
5.6%
5.6%
5.2%
5.2%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
3.8%
3.8%
12.6%
12.6%
46.4%
46.4%
27.6%
27.6%
8.8%
8.8%
0% 100.0%
% of Homes