Platte City, MO

When people think of Platte City, Missouri, they likely think of the quaint downtown area with its old brick buildings and charming shops. But Platte City is much more than just a pretty town on the banks of the Missouri River. The city is home to a thriving real estate market that has seen tremendous growth in recent years.

According to the 2016 American Community Survey, Platte City had a population of just over 10,000 residents. However, thanks to its thriving real estate market, the city has seen its population grow by almost 30% since 2010. This growth has led to an increase in demand for housing and commercial space in Platte City, and prices have risen accordingly.

The most popular type of real estate in Platte City is residential property. In fact, nearly two-thirds (64%) of all housing units in the city are occupied by people who live there full-time. This high concentration of residential properties means that there is plenty of demand for new homes and apartments in Platte City.

Commercial property also plays an important role in the economy of Platte City. The city's businesses generate more than $100 million annually in revenue, which helps support jobs and contribute to the local economy overall. Commercial properties can be found throughout the city center and on both sides of I-44, making it easy for businesses to find space that meets their needs.

Despite these positive trends, there are still some challenges facing the real estate market in Platte City. One issue is that there isn't enough available land for new development; this limits how much new housing can be built and raises prices accordingly. Additionally, traffic congestion can be a major problem during peak hours on busy streets like Broadway Avenue or Main Street. However, with concerted effort from both government officials and private developers alike, these issues should eventually be resolved."