Joplin, MO - House Price Index (HPI)
Joplin Real Estate Market Forecast
The House Price Index (HPI) shows changes in Joplin, MO 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.
Joplin Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2661.56
3rd Quarter, 2018 Housing Statistics: Joplin, Missouri


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 Joplin housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Joplin is 78%. In other words, when tested against historical data,
the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Joplin is 78% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Joplin Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Joplin housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Joplin is 80%. In other words, when tested against historical data, the
forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Joplin is 80% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Joplin Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Joplin, Missouri


Historical Home Price Appreciation
Last Quarter                         -0.65%
Last Year                              3.2%
Last 5 Years                         11%
Last 10 Years                       14%
Last 20 Years                       53%
Decline From All Time High   0.65%


Annual Home Price Appreciation Rates
1988      1.15%
1989      2.55%
1990      0.51%
1991      5.27%
1992      0.87%
1993      5.36%
1994      6.58%
1995      6.30%
1996      3.31%
1997      3.63%
1998      5.61%
1999      -0.77%
2000      3.85%
2001      7.32%
2002      3.48%
2003      2.60%
2004      4.76%
2005      4.40%
2006      3.54%
2007      -0.48%
2008      -0.70%
2009      0.44%
2010      -1.62%
2011      3.71%
2012      1.29%
2013      -0.92%
2014      0.01%
2015      4.18%
2016      2.33%
2017      -0.96%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.65%        Rank: 334 of 381 (12th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.2%           Rank: 306 of 381 (19th Percentile)
Last 5 Years                              11%            Rank: 331 of 381 (13th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 228 of 381 (40th Percentile)
Last 20 Years                            53%            Rank: 313 of 379 (17th Percentile)
Decline From All Time High        0.65%

The change in home prices for Joplin, MO are shown above for five time
periods. For example: Joplin appreciated -0.65% in the Last Quarter. At that
rate, the Joplin Real Estate Market was ranked 334th out of 381 metropolitan
Real Estate Markets. Joplin was in the 12th percentile. So Joplin, MO performed
better in the Last Quarter than 12% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Joplin, Missouri

The all time high in the Joplin Home Price Index was 178.7 in the 2nd Quarter,
of 2018. The 3rd Quarter, 2018 index value was 177.5. That's a decline of 1.17
points or 0.65% below the Joplin Home Price Index all time high.  The Home
Price Index indicates that the Joplin Market is up 14% over the last 10 years.
Home prices in the Joplin Real Estate Market have gained 3.17% over the last
12 months. Over the last thirty years, it is up 120%.

The 3rd Quarter index value was 1.17 points lower than the 2nd Quarter, 2018
index value of 178.65, resulting in a 0.65% decline for the 3rd Quarter in the
Joplin Market.

The Joplin Home Price Index declined in the last quarter after increasing in the
previous 2 quarters. The current record holders for consecutive declines in the
Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL; Great Falls, MT
and Fayetteville, NC, with declines in the last 2 consecutive 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 29
consecutive quarters.

The highest annual change in the value of houses in the Joplin Real Estate
Market was 8% in the twelve months ended with the 2nd Quarter of 1994. The
worst annual change in home values  in the Joplin Market was -5% in the twelve
months ended with the 1st Quarter of 2010.

The highest growth in home values in the Joplin Real Estate Market over a
three year period was 19% in the three years ended with the 4th Quarter of
1995. The worst performance over a three year period in the Joplin Market was
-5% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Joplin 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 Joplin 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 Joplin 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 Joplin 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
3rd Quarter, 2018 Housing Data: Joplin, Missouri

The trend of Joplin 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 3rd Quarter of 2018, Joplin Home Prices had a rank of 334, with
appreciation of -0.65%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Joplin Home Prices had a rank of 306, with
appreciation during the year of 3.17%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Joplin Home Prices
ranked 331, with a total appreciation of 11.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Joplin Home Prices had
a rank of 228, with appreciation during the decade of 14%. The top performing
market during the period was Denver, CO, with a rise of 83%. The worst real
estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Joplin Home Prices had
a rank of 313, with total growth over the 20 year period of 53%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Joplin Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Joplin. 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 Monday, December 31, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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