Foreclosure Homes in Chillicothe, MO

Current Market Conditions in Chillicothe, MO

The Chillicothe real estate market has shown moderate growth over the past few years, driven by an influx of buyers looking for more affordable housing options outside major metropolitan areas. The current market conditions reflect a balanced inventory, with steady demand for single-family homes and a growing interest in multi-family properties by investors. Prospective buyers can expect an average time on the market of about 45 days before a home sells, indicating a healthy turnover rate in the market.

Investors are increasingly looking to Chillicothe due to its low barrier to entry and potential for rental income. The increase in remote work options has attracted individuals and families seeking a quieter lifestyle without sacrificing access to urban amenities.

Rent Prices In Chillicothe, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chillicothe, MO, is on a rollercoaster ride. The average rent price in Chillicothe, MO, is $1,054.00. Indeed, when looking to rent in Chillicothe, MO, you can expect to pay as little as $570.00 or as much as $1,980.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Chillicothe, 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.