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 2,215 people, 846 houses or apartments, and a median cost of homes of $207,768, house prices in Willow Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Willow Springs, accounting for 75.78% of the city's housing units. Other types of housing that are prevalent in Willow Springs include duplexes, homes converted to apartments or other small apartment buildings ( 12.11%), large apartment complexes or high rise apartments ( 8.56%), and a few mobile homes or trailers ( 3.55%).
The most prevalent building size and type in Willow Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.17% owning and 46.83% 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. Willow Springs's housing was primarily built during this period, from the '40s through the '60s. A full 44.36% of the city's housing hails from this era. Other housing ages represented in Willow Springs include homes built between 1970-1999 ( 38.73%) and housing constructed before 1939 ( 13.15%). There's also some housing in Willow Springs built between 2000 and later ( 3.76%).
Vacant housing appears to be an issue in Willow Springs. Fully 11.69% of the housing stock is classified as vacant. Left unchecked, vacant Willow Springs homes and apartments can be a drag on the real estate market, holding Willow Springs 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 Willow Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.78%, which ranks in the top 40% nationwide. This equates to an annual average Willow Springs house appreciation rate of 6.73%.
Appreciation rates are so strong in Willow Springs that despite a nationwide downturn in the housing market, Willow Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willow Springs appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 71.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willow Springs. Willow Springs appreciation rates in the latest quarter were at 0.31%, which equates to an annual appreciation rate of 1.23%.
Relative to Missouri, our data show that Willow Springs's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.
$207,768
for Missouri
for nation
846
$1,018 / per month