Saturday, December 19, 2020

Moscow, ID 2021 Real Estate Market Appreciation & Housing Market Trends

Moscow, ID has a large population of military personnel who served in Gulf War (2001-), 2.15 times greater than any other conflict. The PUMS dataset is not available at the Place level, so we are showing data for Idaho. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn.

Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. The average homes sell for about 1% below list price and go pending in around 23 days. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Enter your income and we will give you your estimated taxes in Moscow, Idaho, we will also give you your estimated taxes in Fresno, California. The following chart shows the number of people with health coverage by gender.

Idaho

In 2020, Moscow, ID had a population of 25.7k people with a median age of 25.2 and a median household income of $42,262. Between 2019 and 2020 the population of Moscow, ID grew from 25,319 to 25,652, a 1.32% increase and its median household income grew from $41,896 to $42,262, a 0.874% increase. One way people are bringing down the cost of purchasing a home is by relocating.

median home price moscow idaho

Primary care physicians in Latah County, ID see an average of 1,216 patients per year. Per capita personal health care spending in Idaho was $6,927 in 2014. The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty. This chart shows the percentage of owner in Moscow, ID compared it's parent and neighboring geographies.

Safest Places In Idaho

West Virginia, which has the lowest typical-house cost, also has the highest homeownership rate, with 79.6% of residents owning their own home. California's homeownership rate is the second-lowest in the nation and the lowest among states, with only 54.2% of residents owning their homes. The state is notorious for its high housing costs, especially in the San Francisco and Los Angeles areas. Perhaps in part due to these high costs, California also has the nation's highest level of homelessness. The typical home in the state costs $760,800 and is 1,625 square feet. However, the costs of homeownership in the United States can be startling.

median home price moscow idaho

The median tuition costs in Moscow, ID are $13,550 for private four year colleges, and $6,182 and $25,418 respectively, for public four year colleges for in-state students and out-of-state students. This represents a 8.45% increase in employment when compared to May 2020. The following chart shows the 7 races represented in Moscow, ID as a share of the total population. The following chart shows US citizenship percentages in Moscow, ID compared to that of it's neighboring and parent geographies. As of 2020, 96% of Moscow, ID residents were US citizens, which is higher than the national average of 93.4%.

Housing

However, despite the high housing costs, Washington State residents enjoy one of the country's best qualities of living. In the last 10 years, Moscow has experienced some of the highest home appreciation rates of any community in the nation. Moscow real estate appreciated 104.52% over the last ten years, which is an average annual home appreciation rate of 7.42%, putting Moscow in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Moscow definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Oregon's homeownership rate, at 64.3%, is slightly lower than the national average. Home sizes are also slightly below average, with a typical unit measuring 1,780 square feet.

median home price moscow idaho

Relative to Idaho, our data show that Moscow's latest annual appreciation rate is lower than 70% of the other cities and towns in Idaho. The BestPlaces cost of living index is the most accurate and complete available because we add many new categories to the current and historical systems. The chart below shows how the median household income in Moscow, ID compares to that of it's neighboring and parent geographies.

The typical home in Idaho costs $466,435 and measures 1,932 square feet. However, homeownership is also high, with 70.4% of residents owning their homes. Appreciation rates are so strong in Moscow that despite a nationwide downturn in the housing market, Moscow real estate has continued to appreciate in value faster than most communities. Based on the last twelve months, short-term real estate investors have found good fortune in Moscow. Moscow appreciation rates in the latest quarter were at 0.62%, which equates to an annual appreciation rate of 2.52%.

Hawaii also has one of the country's lowest homeownership rates, with 59% of its residents owning their homes. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Moscow differ in their investment potential, sometimes by a great deal. At 1,746 square feet, the average home in the state costs less than $100 a square foot, meaning those with the budget can afford more house for their dollar than they can in most states.

Moscow, ID Home Reports

Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. Unsurprisingly, areas with higher housing prices tend to have lower homeownership rates. According to the latest census data, 65.4% of U.S. households own their home.

median home price moscow idaho

According to Federal Reserve Economic Data, the median price of houses sold in 2022 is $428,700. The average sales price in the same period is higher, at $507,800. The Zillow Home Value Index, which measures only the middle price tiers of homes, sets the cost of a typical home in the United States at $344,141. Home values increased 20% in the twelve months between April 2021 and May 2022.

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