Living in Lathrop, MO
Lathrop, MO, is a small, friendly town located near Kansas City. It offers a tranquil lifestyle with great schools, parks, and local amenities. The area is perfect for families and retirees seeking a peaceful yet connected community.
Current Market Conditions in Lathrop, MO
The real estate market in Lathrop, MO, is showing signs of growth, with an increasing demand for homes due to its proximity to Kansas City. Property values have been steadily rising as more people discover the charm of small-town living combined with easy access to metropolitan amenities.
Currently, there is a mix of home prices in the area, making it attractive to various types of buyers, from first-time homeowners to investors looking for rental opportunities. Overall, Lathrop's market is favorable for both buyers and sellers, as homes tend to sell quickly.
Home Value Estimator For Lathrop, MO
There are currently 1,553 real estate properties
in Lathrop, MO,
with a median automated valuation model (AVM) price
of $264,015.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lathrop, 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 Lathrop, MO,
is $313,613.00, with the most expensive house
in Lathrop, MO, topping out
at $2,205,900.00 and the cheapest home
in Lathrop, MO,
clocking in at $21,432.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lathrop, MO!
Rent Prices
In Lathrop, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lathrop, MO, is on
a rollercoaster ride. The
average rent price in Lathrop, MO,
is $1,424.00. Indeed, when looking to rent in
Lathrop, MO, you can expect to pay as little
as $740.00 or as much
as $1,990.00,
with the average rent median estimated to
be $1,420.00. The good news is that finding
an affordable and desirable property to rent in Lathrop, 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.