Foreclosures in Hannibal, MO 63401

Current Market Conditions in Hannibal, MO

The current real estate market in Hannibal shows a stable trend with homes generally appreciating in value. The demand for properties is moderate, with an increasing interest from new residents looking for affordable housing options in a serene environment. Most homes on the market are single-family houses with spacious yards, attracting families looking for a community-oriented lifestyle.

Investors are noticing the potential of Hannibal’s real estate market as prices remain reasonable compared to other regions in Missouri. Historical homes draw attention, with restoration projects on the rise, and new developments are cropping up to cater to the growing population.

Rent Prices In Hannibal, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hannibal, MO, is on a rollercoaster ride. The average rent price in Hannibal, MO, is $989.00. Indeed, when looking to rent in Hannibal, MO, you can expect to pay as little as $540.00 or as much as $2,580.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Hannibal, 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.