Joplin, MO

Real estate in Joplin, Missouri is a hot commodity. The city has seen an influx of people in recent years, and the demand for housing has only increased. This has led to a high demand for real estate in the area, which has resulted in prices being significantly higher than average.

There are a number of factors that have contributed to the high demand for real estate in Joplin. First and foremost is the city's growing population. Second is the fact that Joplin is located in a desirable location. Third is the availability of quality housing stock. Finally, there is strong investor interest in Joplin real estate due to its stable economy and low unemployment rate.

As a result of these factors, real estate prices have soared in Joplin over the past few years. The median price for single-family homes reached $137,000 as of May 2017, which was more than double the median price from five years ago ($59,000). Likewise, condo prices have also increased significantly over this time period; as of May 2017 they were averaging $98 per square foot, which was more than triple what they were five years ago ($29 per square foot).

Despite these high prices however, there are still plenty of affordable options available for buyers looking to purchase property in Joplin. In fact, according to Zillow's 2018 Home Value Index report (which measures home values across all 50 states), Joplin ranks as one of the most affordable cities in Missouri with a median home value of $101,600. Additionally, while single-family homes remain the most popular type of property purchased by buyers in Joplin (accounting for nearly two-thirds of all sales), condos are also becoming increasingly popular (making up about one-third of all sales). This indicates that there is still room for growth within the market – especially given how rapidly prices have been increasing recently!