Merriam Woods Missouri Area Home Supply Charts

This page looks at a variety of Merriam Woods Missouri housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Merriam Woods depicts it has a Housing Units of 1,005 which is the third most housing units of all other places in the greater Merriam Woods region.

Figure 2 illustrates the housing density in the Merriam Woods housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Merriam Woods depicts it has a Housing Density of 629.7 which is the third most housing densities of all other places in the greater Merriam Woods region. The city with the highest housing density in the area is Bull Creek which shows a density of 1552.8 (approximately 2.5 times bigger). Comparing housing density to the United States average of 38.9, Merriam Woods is very much bigger. Also, benchmarked against the state of Missouri, housing density of 40.6, Merriam Woods is markedly bigger.

In Figure 4, Merriam Woods area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Merriam Woods depicts it has a Housing Unit Change of 19.4% which is the third most housing units of all other places in the greater Merriam Woods region. The city with the highest change in the housing units in the area is Saddlebrooke which depicts a housing units of 25.3% (30.6% larger). Comparing change in the housing units to the United States average of 5.7%, Merriam Woods is approximately 3.4 times bigger. Also, versus the state of Missouri, change in the housing units of 2.9%, Merriam Woods is substantially bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Merriam Woods shows it has a Renter Percent of 36.8% which is less than most other places in the surrounding region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 63.2% which is the third most owner percent of all other places in the greater Merriam Woods region.

Merriam Woods Missouri Home Cost Charts

Looking at the housing data provided in Figure 7, the average Merriam Woods home price is illustrated for this community and a useful analysis of affordable housing. Merriam Woods depicts it has a Median Home Value of $68,000 which is the second smallest when sorted by median home price of all the other places in the metropolitan area. The city with the highest median home price in the area is Saddlebrooke which depicts a home price of $425,000 ( substantially bigger). Figure 8 provides aggregate comparative data for the Merriam Woods Missouri metro area in terms of the median housing rental rate, apartment rent, etc. Merriam Woods depicts it has a Median Gross Rent of $821 which is the second most rental rates of all the places in the greater Merriam Woods region. The city with the highest rental rates in the area is Branson which depicts a rental rates of $857 (only about 4.4% larger). Comparing rental rates to the United States average of $1,062, Merriam Woods is approximately three-fourths the size. Also, compared with the state of Missouri, rental rates of $830, Merriam Woods is about the same size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Merriam Woods has the largest proportion of home price worth less than $50,000 at 54% of the total and is ranked #1. Second, it has less than most other places in the metro area in order of home price worth between $50,000 to $100,000 at 12% of the total. Third, it has the smallest proportion of home price worth between $100,000 to $200,000 at 1% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Merriam Woods shows it has a Median Owner Cost of $651 which is less than most other places in the metropolitan area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Merriam Woods metro area. it has a Owner Cost as % of HH Income of 19% which is the second most cost as a percent of household income of all the places in the greater Merriam Woods region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Merriam Woods depicts it has a Median Home Value as Percent of Median Earnings of 234% which is the second smallest when ranked by median home value as a percent of median worker earnings of all the other places in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Merriam Woods depicts it has a Median Owner Costs-With Mortgage of $817 which is the second smallest as measured by median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $319 which is less than most other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Merriam Woods has one of the largest proportions of owner cost less than $300 at 26% of the total and is ranked #3. Only #2 Forsyth (27%), and #1 Bull Creek (54%) are larger. Second, it has one of the largest proportions of owner cost between $500 and $700 at 34% of the total and is ranked #2. The only larger city being Bull Creek with 38%. Third, it has less than most other places in the local area in order of owner cost between $700 and $1,000 at 12% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Merriam Woods shows it has a % of Income Owner Costs-With Mortgage of 25% which is the second most cost as a percent of household income of all the places in the greater Merriam Woods region. The city with the highest cost as a percent of household income in the area is Saddlebrooke which shows a cost as a percent of household income of 29% (15.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Merriam Woods depicts it has a % of Income Owner Costs-No Mortgage of 14% which is the second most cost as a percent of household income of all the places in the greater Merriam Woods region. The city with the highest cost as a percent of household income in the area is Rockaway Beach which indicates a cost as a percent of household income of 14% ( only slightly larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Merriam Woods has one of the largest proportions of rent as a percent of income is less than 10 pct at 26% of the total and is ranked #3. Only #2 Branson (26%), and #1 Saddlebrooke (50%) are larger. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 29% of the total and is ranked #2. The only larger city being Branson with 32%. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #2. The only larger city being Forsyth with 20%. Also, it has less than most other places in the local area in order of rent as a percent of income is between 40pct to 50pct at 16% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $648 which is the second smallest when ranked by median real estate taxes paid of all the other places in the greater region. The city with the highest median real estate taxes paid in the area is Saddlebrooke which depicts a taxes paid of $3,350 ( markedly bigger). Comparing median real estate taxes paid to the United States average of $2,471, Merriam Woods is approximately a quarter the size. Also, compared to the state of Missouri, median real estate taxes paid of $1,526, Merriam Woods is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Merriam Woods Missouri has one of the largest proportions of rent less than 300 dollars at 13% of the total and is ranked #2. The only larger city being Forsyth with 20%. Second, it has less than most other places in the local area when ranked by rent between 300 and 500 dollars at 29% of the total. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 35% of the total and is ranked #2. The only larger city being Saddlebrooke with 100%.

Merriam Woods Missouri Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Merriam Woods has the largest proportion of 2nd mortgage or heloc-not both at 2% of the total and is ranked #1. Second, it has one of the largest proportions of both 2nd mortgage and heloc at 58% of the total and is ranked #2. The only larger city being Rockaway Beach with 61%. Third, it has the smallest proportion of no 2nd mortgage and no heloc at 39% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Merriam Woods has the smallest proportion of houses with mortgages at 39% of the total.

Merriam Woods Missouri Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is the highest of all places in the surrounding region. Comparing family members per housing unit to the United States average of 3.3, Merriam Woods is only about 2.6% larger. Also, benchmarked against the state of Missouri, family members per housing unit of 3.1, Merriam Woods is 8.8% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.1 which is the third most average number of rooms in a house of all other places in the greater Merriam Woods region. The city with the highest average number of rooms in a house in the area is Saddlebrooke which shows an average number of rooms in a house of 8.0 (56.9% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1993 which is in the mid range of other places in the metro area. The city with the highest year built in the area is Saddlebrooke which depicts a year built of 2006 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2014 or later at 2% of the total and is ranked #3. Only #2 Branson (5%), and #1 Saddlebrooke (17%) are larger. Second, it has one of the largest proportions of homes built between 2010 to 2013 at 29% of the total and is ranked #3. Only #2 Bull Creek (70%), and #1 Saddlebrooke (72%) are larger. Third, it has the largest proportion of homes built between 1980 to 1989 at 25% of the total and is ranked #1. Also, it has the second smallest as measured by homes built in 2014 or later of all the other places in the metropolitan area in terms of homes built between 1940 to 1949 at 0% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 287 of the total and is ranked #3. Only #2 Forsyth (350), and #1 Branson (2,902) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 2 units less than most other places in the metro area at 1% of the total. Second, it has one of the largest proportions of 50 or more units at 44% of the total and is ranked #2. The only larger city being Kirbyville with 57%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later in the middle range of other places in the surrounding region at $87,900 of the total. Second, it has less than most other places in the greater region as measured by value of homes built 2010 to 2013 at $80,200 of the total. Third, it has in the mid point range of other places in the surrounding region when ranked by value of homes built 2000 to 2009 at $69,600 of the total. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $54,100 of the total and is ranked #3. Only #2 Forsyth ($103,800), and #1 Branson ($134,200) are larger. In addition, it has in the mid range of other places in the local area in order of value of homes built 1980 to 1989 at $40,700 of the total. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $11,600 of the total and is ranked #3. Only #2 Forsyth ($100,500), and #1 Branson ($152,600) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Merriam Woods residents. it has a Owner-Household Size of 2.8 which is is the uppermost of the places in the greater Merriam Woods region.

Figure 37 shows the household size for renters. Merriam Woods shows it has a Renter-Household Size of 2.9 which is the largest of all places in the greater Merriam Woods region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 22% of the total and is ranked #2. The only larger city being Bull Creek with 22%. Second, it has the second smallest in order of owners moved in 2017 or later of all the other places in the metro area in terms of owners moved in 2015 to 2016 at 25% of the total. Figure 39 shows the year that people who rent moved into the area. Merriam Woods has the smallest proportion of renters moved in 2017 or later at 15% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 54% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2010 which is the third most of all other places in the surrounding region. Figure 41 compares the median year that renters moved into their home. Merriam Woods shows it has a Renter Median Year Moved In of 2014 which is in the mid range of other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas in the middle range of other places in the greater region at 87% of the total. Second, it has one of the largest proportions of homes using solar energy at 0% of the total and is ranked #2. The only larger city being Saddlebrooke with 1%.