Platte Woods Missouri Area Home Supply Charts

This page looks at a variety of Platte 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. Platte Woods depicts it has a Housing Units of 201 which is less than most other places in the metropolitan area.

Figure 2 illustrates the housing density in the Platte Woods housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Platte Woods shows it has a Housing Density of 540.6 which is in the mid range of other places in the greater region. The city with the highest housing density in the area is Lake Waukomis which depicts a density of 1429.1 (approximately 2.6 times bigger). Comparing housing density to the United States average of 38.9, Platte Woods is considerably bigger. Also, benchmarked against the state of Missouri, housing density of 40.6, Platte Woods is substantially bigger.

In Figure 4, Platte Woods area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Platte Woods depicts it has a Housing Unit Change of 16.2% which is in the center range of other places in the greater region. The city with the highest change in the housing units in the area is Parkville which shows a housing units of 20.7% (27.9% larger). Comparing change in the housing units to the United States average of 5.7%, Platte Woods is approximately 2.8 times bigger. Also, in contrast to the state of Missouri, change in the housing units of 2.9%, Platte Woods is very much 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.) Platte Woods depicts it has a Renter Percent of 13.1% which is less than most other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 86.9% which is the third most of all other places in the local area.

Platte Woods Missouri Home Cost Charts

Looking at the housing data provided in Figure 7, the average Platte Woods home price is illustrated for this community and a useful analysis of affordable housing. Platte Woods depicts it has a Median Home Value of $238,500 which is in the intermediate range of other places in the area. The city with the highest median home price in the area is Parkville which shows a home price of $411,600 (72.6% larger). Figure 8 provides aggregate comparative data for the Platte Woods Missouri metro area in terms of the median housing rental rate, apartment rent, etc. Platte Woods depicts it has a Median Gross Rent of $1,556 which is the second most rental rates of all the places in the greater Platte Woods region. The city with the highest rental rates in the area is Weatherby Lake which depicts a rental rates of $2,039 (31.0% larger). Comparing rental rates to the United States average of $1,062, Platte Woods is 46.5% larger. Also, measured against the state of Missouri, rental rates of $830, Platte Woods is about twice as large.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Platte Woods has the percentage of home price worth less than $50,000 less than most other places in the local area at 1% of the total. Second, it has the largest proportion of home price worth between $100,000 to $200,000 at 47% of the total and is ranked #1.

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. Platte Woods shows it has a Median Owner Cost of $1,229 which is the third most of all other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Platte Woods metro area. it has a Owner Cost as % of HH Income of 18% which is the third most of all other places in the metro area.

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. Platte Woods depicts it has a Median Home Value as Percent of Median Earnings of 480% which is the third most median home value as a percent of median worker earnings of all other places in the greater Platte Woods region.

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.) Platte Woods depicts it has a Median Owner Costs-With Mortgage of $1,675 which is the third most of all other places in the metropolitan 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 $653 which is in the mid point range of other places in the surrounding region.

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. Platte Woods has the percentage of owner cost less than $300 in the mid range of other places in the metro area at 3% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 16% of the total and is ranked #1. Third, it has less than most other places in the metropolitan area in terms of owner cost between $500 and $700 at 16% of the total. Also, it has the largest proportion of owner cost between $1,000 and $1,500 at 29% of the total and is ranked #1.

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.) Platte Woods depicts it has a % of Income Owner Costs-With Mortgage of 22% which is more than all other places in the greater Platte Woods region. 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. Platte Woods shows it has a % of Income Owner Costs-No Mortgage of 14% which is in the mid range of other places in the local area. The city with the highest cost as a percent of household income in the area is Northmoor which indicates a cost as a percent of household income of 20% (48.1% 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.) Platte Woods has the percentage of rent as a percent of income is less than 10 pct less than most other places in the metro area at 17% of the total. Second, it has less than most other places in the local area when sorted by rent as a percent of income is between 10pct to 20pct at 12% of the total. Third, it has less than most other places in the local area in terms of rent as a percent of income is between 40pct to 50pct at 8% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Platte Woods has the largest proportion of housing cost between $1,000 and $1,500 at 30% of the total and is ranked #1.

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 $2,799 which is in the middle range of other places in the local area. The city with the highest median real estate taxes paid in the area is Parkville which depicts a taxes paid of $5,420 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,471, Platte Woods is 13.3% larger. Also, versus the state of Missouri, median real estate taxes paid of $1,526, Platte Woods is about twice as large.

Figure 22 shows the percentage of renters who pay for utilities in Platte Woods Missouri. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Platte Woods has the largest proportion of pay extra for utilities at 17% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Platte Woods Missouri has the percentage of rent between 300 and 500 dollars less than most other places in the local area at 8% of the total. Second, it has less than most other places in the metro area when sorted by rent between 500 and 750 dollars at 17% of the total. Third, it has the second smallest in terms of rent less than 300 dollars of all the other places in the area in terms of rent between 750 and 1000 dollars at 4% of the total. Also, it has one of the largest proportions of rent between 1000 and 1500 dollars at 38% of the total and is ranked #2. The only larger city being Weatherby Lake with 62%.

Platte Woods Missouri Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Platte Woods has the largest proportion of 2nd mortgage at 9% of the total and is ranked #1. Second, it has the smallest proportion of both 2nd mortgage and heloc at 50% of the total. Third, it has the largest proportion of no 2nd mortgage and no heloc at 38% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Platte Woods has the largest proportion of houses with mortgages at 38% of the total and is ranked #1.

Platte Woods Missouri Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is the third most family members per housing unit of all other places in the greater Platte Woods region. The city with the highest family members per housing unit in the area is Northmoor which shows a family members per housing unit of 3.5 (only about 4.7% larger). Comparing family members per housing unit to the United States average of 3.3, Platte Woods is about the same size. Also, compared to the state of Missouri, family members per housing unit of 3.1, Platte Woods is 6.4% 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 7.0 which is the third most average number of rooms in a house of all other places in the greater Platte Woods region. The city with the highest average number of rooms in a house in the area is Weatherby Lake which depicts an average number of rooms in a house of 10.0 (42.9% 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 1958 which is the second smallest in order of year built of all the other places in the metro area. The city with the highest year built in the area is Parkville which depicts a year built of 1995 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest as measured by homes built in 2014 or later of all the other places in the greater region at 0% of the total. Second, it has the smallest proportion of homes built between 2000 to 2009 at 2% of the total. Third, it has the second smallest in order of homes built in 2014 or later of all the other places in the greater region in terms of homes built between 1990 to 1999 at 3% of the total. Also, it has the smallest proportion of homes built between 1980 to 1989 at 10% of the total. In addition, it has one of the largest proportions of homes built between 1970 to 1979 at 25% of the total and is ranked #2. The only larger city being Lake Waukomis with 35%. Furthermore, it has the largest proportion of homes built between 1960 to 1969 at 35% of the total and is ranked #1. Next it has one of the largest proportions of homes built between 1950 to 1959 at 13% of the total and is ranked #3. Only #2 Northmoor (15%), and #1 Houston Lake (22%) are larger. Additionally, it has one of the largest proportions of homes built between 1940 to 1949 at 10% of the total and is ranked #2. The only larger city being Northmoor with 24%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest when ranked by owner-occupied housing units of all the other places in the metro area at 24 of the total.

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 1990 to 1999 in the center range of other places in the local area at $233,300 of the total. Second, it has one of the largest proportions of value of homes built 1980 to 1989 at $243,800 of the total and is ranked #3. Only #2 Lake Waukomis ($244,200), and #1 Weatherby Lake ($287,500) are larger. Third, it has one of the largest proportions of value of homes built 1970 to 1979 at $221,400 of the total and is ranked #3. Only #2 Lake Waukomis ($266,700), and #1 Weatherby Lake ($428,900) are larger. Also, it has one of the largest proportions of value of homes built 1960 to 1969 at $237,500 of the total and is ranked #2. The only larger city being Weatherby Lake with $266,700. In addition, it has one of the largest proportions of value of homes built 1950 to 1959 at $187,500 of the total and is ranked #3. Only #2 Lake Waukomis ($195,800), and #1 Weatherby Lake ($433,300) are larger. Furthermore, it has the largest proportion of value of homes built 1940 to 1949 at $260,000 of the total and is ranked #1.

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 Platte Woods residents. it has a Owner-Household Size of 2.5 which is the second smallest when sorted by homeowner household size of all the other places in the surrounding region. The city with the highest homeowner household size in the area is Northmoor which depicts a homeowner household size of 3.0 (20.1% larger).

Figure 37 shows the household size for renters. Platte Woods shows it has a Renter-Household Size of 3.4 which is ranked #1 of all places in the greater Platte Woods region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 21% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 18% of the total. Third, it has the largest proportion of owners moved in 1990 to 1999 at 23% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Platte Woods has the percentage of renters moved in 2017 or later in the mid range of other places in the metro area at 15% of the total. Second, it has the smallest proportion of renters moved in 2015 to 2016 at 6% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 53% 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 2004 which is less than most other places in the greater region. Figure 41 compares the median year that renters moved into their home. Platte Woods depicts it has a Renter Median Year Moved In of 2010 which is the second smallest in terms of median year that a renter moved in of all the other places in the area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 10% of the total.