Clearmont, MO

Real estate in Clearmont, Missouri is a booming industry. The city has a population of just over 2,000 people and there are currently over 100 real estate agents working in the area. The average home price in Clearmont is $269,000 and the median household income is $72,500.

The city's economy is based largely on its real estate industry. Home sales and rental prices have been increasing steadily since 2009, when the recession hit the area hard. Clearmont's real estate market has been strong enough that many new homes have been built in recent years.

There are several reasons why Clearmont's real estate market is so strong. First of all, the city has a lot of potential customers: it's located close to both St Louis and Kansas City, two large cities with lots of people looking for new homes. Second, Clearmont's location makes it an ideal place to live: it's close to shopping malls and other businesses but still relatively rural. Finally, Clearmont's residents are generally wealthy enough that they're willing to spend a bit more on their homes than most people in other parts of Missouri.

Despite the city's success as a real estate market, there are some risks associated with buying or selling property in Clearmont. For example, although home prices have been increasing steadily for several years now, they could eventually decrease if the economy takes a turn for the worse or if there are any major construction projects nearby that might affect home values (as happened recently in nearby Ferguson). Additionally, although many people who live in Clearmont own their homes outright (rather than renting them), there could be a sudden increase in demand for rental properties if more people decide to move into town or if interest rates rise significantly from their current low levels (which they may do at some point soon). In either case, homeowners who find themselves suddenly faced with higher mortgage payments or rent hikes may find themselves struggling financially.