St. Joseph, MO - House Price Index (HPI)
St. Joseph Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in St. Joseph, MO-KS single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
St. Joseph Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1297.56
1st Quarter, 2018 Housing Statistics: St. Joseph, Missouri


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the St. Joseph housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for St. Joseph is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in St.
Joseph is 76% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the St. Joseph
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the St. Joseph housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for St. Joseph is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in St.
Joseph is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the St. Joseph
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: St. Joseph, Missouri


Historical Home Price Appreciation
Last Quarter                         6.12%
Last Year                              10.9%
Last 5 Years                         15%
Last 10 Years                       9%
Last 20 Years                       63%



Annual Home Price Appreciation Rates
1988      0.53%
1989      6.84%
1990      1.51%
1991      5.28%
1992      4.01%
1993      4.64%
1994      4.29%
1995      6.44%
1996      8.09%
1997      2.86%
1998      5.64%
1999      2.47%
2000      7.92%
2001      4.37%
2002      6.46%
2003      2.58%
2004      5.27%
2005      5.00%
2006      1.86%
2007      0.34%
2008      -2.51%
2009      1.74%
2010      -2.21%
2011      -0.76%
2012      0.03%
2013      2.09%
2014      -0.85%
2015      2.54%
2016      7.10%
2017      -3.41%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              6.12%         Rank: 4 of 381 (99th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.9%          Rank: 26 of 381 (93rd Percentile)
Last 5 Years                              15%            Rank: 250 of 381 (34th Percentile)
Last 10 Years  . . . . . . . . . . . .   9%              Rank: 185 of 381 (51st Percentile)
Last 20 Years                            63%            Rank: 258 of 379 (32nd Percentile)


The change in home prices for St. Joseph, MO-KS are shown above for five
time periods. For example: St. Joseph appreciated 6.12% in the Last Quarter.
At that rate, the St. Joseph Real Estate Market was ranked 4th out of 381
metropolitan Real Estate Markets. St. Joseph was in the 99th percentile. So St.
Joseph, MO performed better in the Last Quarter than 99% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: St. Joseph, Missouri

The all time high in the St. Joseph Home Price Index was 196.4 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the St. Joseph Market is
up 9% over the last 10 years. Home prices in the St. Joseph Real Estate Market
have gained 10.90% over the last 12 months. Over the last thirty years, it is up
166%.

The 1st Quarter index value was 11.33 points higher than the 4th Quarter,
2017 index value of 185.07, resulting in a 6.12% rise in the 1st Quarter for the
St. Joseph Market.

The St. Joseph Home Price Index increased in the last quarter after falling in the
previous 2 quarters. The current record holders for consecutive increases in
the Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, IL, with declines in the last 2
consecutive quarters.

The highest annual change in the value of houses in the St. Joseph Real Estate
Market was 12% in the twelve months ended with the 1st Quarter of 1996. The
worst annual change in home values  in the St. Joseph Market was -7% in the
twelve months ended with the 2nd Quarter of 2011.

The highest growth in home values in the St. Joseph Real Estate Market over a
three year period was 23% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the St. Joseph Market
was -9% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the St. Joseph Home Price Index
(above). For information about Missouri home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about St. Joseph Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the St. Joseph Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the St. Joseph Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: St. Joseph, Missouri

The trend of St. Joseph Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, St. Joseph Home Prices had a rank of 4, with
appreciation of 6.12%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, St. Joseph Home Prices had a rank of 26, with
appreciation during the year of 10.90%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, St. Joseph Home Prices
ranked 250, with a total appreciation of 15.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, St. Joseph Home Prices
had a rank of 185, with appreciation during the decade of 9%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, St. Joseph Home Prices
had a rank of 258, with total growth over the 20 year period of 63%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the St. Joseph Real Estate
Market is available back to the 4th Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for St. Joseph. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, July 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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