O'FALLON HOUSING MARKET INFORMATION With a population of 31,968, 12,461 total housing units (homes and apartments), and a median house value of $368,048, O'Fallon real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in O'Fallon, accounting for 69.84% of the city's housing units. Other types of housing that are prevalent in O'Fallon include large apartment complexes or high rise apartments ( 15.34%), row houses and other attached homes ( 7.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.07%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in O'Fallon. Owner-occupied housing accounts for 70.89% of O'Fallon's homes, and 58.80% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in O'Fallon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in O'Fallon built between 2000 and later ( 40.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.97%). There's also some housing in O'Fallon built before 1939 ( 5.15%). O'FALLON HOME APPRECIATION RATES O'Fallon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in O'Fallon during the period has been just 5.87%, which is lower than 70% of US communities. 蘑菇视频's data show that during the latest twelve months, O'Fallon's appreciation rate, at 7.81%, has been at or slightly above the national average. In the latest quarter, O'Fallon's appreciation rate has been 1.54%, which annualizes to a rate of 6.32%. Relative to Illinois, our data show that O'Fallon's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within O'Fallon differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in O'Fallon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best O'Fallon real estate investment or home purchase decisions.