There are currently 4,669 real estate properties in Platte City, MO, with a median automated valuation model (AVM) price of $337,020.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Platte City, MO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Platte City, MO, is $370,540.00, with the most expensive house in Platte City, MO, topping out at $3,739,166.00 and the cheapest home in Platte City, MO, clocking in at $21,206.00. In other words, there’s something for every potential homebuyer or savvy investor in Platte City, MO!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Platte City, MO, is on a rollercoaster ride. The average rent price in Platte City, MO, is $1,506.00. Indeed, when looking to rent in Platte City, MO, you can expect to pay as little as $540.00 or as much as $3,020.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Platte City, MO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Platte City is located in Platte, Missouri, with an estimated municipal population of 4,955 residents. All of the best foreclosed homes for sale in Platte City are located in the following zip code areas on Foreclosure.com: 64079. The estimated population per square kilometer (.62 miles) in Platte City is 470.
So, about how much do homes cost in Platte City? The most recent median value of resident-owned homes in Platte City is 173,988. An estimated 40.6 percent of households in Platte City own their homes, with an average family size of 2.93. The median household income in Platte City is 53,352, with25.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Platte City, the median commute time of resident workers (in minutes) is 23.3. And last, but certainly not least, are you looking for homes to rent in Platte City? If so, the average rent price paid by renters in Platte City is 934, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Platte City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Platte City is 30.8, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Platte City is 43.5, with an average family size of 2.93.
The percentage of residents who report their race in Platte City is as follows:
| White | 93.2% |
| Black / African American | 3.8% |
| Asian | 0.6% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 2.2% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Platte City? Or maybe you are searching for 55+ active adult communities in and/or near Platte City?
The percentage of residents who report their age in Platte City is as follows:
| Under 10 | 15.9% |
| Aged 10-19 | 13.7% |
| 20s | 19.1% |
| 30s | 12.8% |
| 40s | 12.7% |
| 50s | 11.6% |
| 60s | 7.1% |
| 70s | 2.9% |
| 80+ | 4.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Platte City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Platte City.
How do you know that living in -- or moving to -- Platte City is right where you need to be? Perhaps you grew up in Platte City or already live nearby; therefore, the decision to buy a home in Platte City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Platte City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Platte City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Platte City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Platte City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Platte City, meanwhile, can field multiple offers from more qualified buyers.
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