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 5,241, 1,687 total housing units (homes and apartments), and a median house value of $252,992, Wright City 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 Wright City, accounting for 85.59% of the city's housing units. Other types of housing that are prevalent in Wright City include duplexes, homes converted to apartments or other small apartment buildings ( 7.20%), mobile homes or trailers ( 3.30%), and a few large apartment complexes or high rise apartments ( 2.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wright City. Owner-occupied housing accounts for 77.43% of Wright City's homes, and 74.81% have either three or four bedrooms, which is average sized relative to America.
Wright City homes and real estate are some of the newest in America. 61.59% of Wright City'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 Wright City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.21%), and between 1940-1969 ( 9.21%). There's also some housing in Wright City built before 1939 ( 6.99%).
Real estate appreciation rates in Wright City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.70% during the period.
Appreciation rates are so strong in Wright City that despite a nationwide downturn in the housing market, Wright City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wright City appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 70.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wright City. Wright City appreciation rates in the latest quarter were at -0.41%, which equates to an annual appreciation rate of -1.64%.
Relative to Missouri, our data show that Wright City's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.
$252,992
for Missouri
for nation
1,687
$894 / per month