Excelsior Springs, MO—64024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Excelsior Springs, MO
As of Oct '25, the median home price in Excelsior Springs, MO is $237,000, with a year-over-year change of 3.0%. This indicates that home prices in Excelsior Springs, MO are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 3.0% |
| Single Family | $237,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 1.8% |
3 Bed | $242,000 | 3.4% |
4 Bed | $311,000 | 2.3% |
| 5 Bed | $355,000 | 2.0% |
% of Housing Stock
Rental Trends — Excelsior Springs, MO
As of July '25, Rentcast reports the average rent in Excelsior Springs, MO is $1,380, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Excelsior Springs, MO is 1-bedrooms: $901, 2-bedrooms: $1,010, 3-bedrooms: $1,750, 4-bedrooms: $1,890. The most common rental property sizes in Excelsior Springs, MO are 2-bedroom and 3-bedroom, accounting for 34.7% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $901 |
| 2 Bed Rent | $925 | $1,010 |
| 3 Bed Rent | $1,780 | $1,750 |
| 4 Bed Rent | $2,280 | $1,890 |
% of Rental Stock
Property Listings — Excelsior Springs, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Excelsior Springs, MO is 47. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 0.0% |
Listing Count | 87 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 47 | -23.0% |
Demographics — Excelsior Springs, MO
As of the latest ACS Survey released in 2023, Excelsior Springs, MO has a population of 15,600, which has decreased by -8.2% over the past 5 years. Excelsior Springs, MO is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | -8.2% |
% Under 18 | 22.2% | -8.6% |
% Seniors | 16.9% | -4.0% |
% WFH | 9.0% | 83.7% |
% w/ College Degree | 15.4% | -16.8% |
As of the latest ACS Survey released in 2023, Excelsior Springs, MO is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Excelsior Springs, MO is hispanic, making up 6.4% of the population. Foreign-born residents account for 3.0% of the population in Excelsior Springs, MO, and this percentage has increased by 172.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.6% | -7.8% |
% Black | 3.0% | 7.1% |
% Hispanic | 6.4% | 146.2% |
% Asian | 0.5% | -50.0% |
% Foreign Born | 3.0% | 172.7% |
Mortgage and Risk — Excelsior Springs, MO
According to HUD data as of 2023, there were 367 mortgage originations in Excelsior Springs, MO, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Excelsior Springs, MO. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Excelsior Springs, MO
As of 2024, the percent of homes in Excelsior Springs, MO under the Section 8 program is 25.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Excelsior Springs, MO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 507 |
Total Units Section 8 | 347 |
% Rentals under Section 8 | 25.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $895 | $990 |
| 2 Bedroom | $215 | $925 | $1,140 |
| 3 Bedroom | -$290 | $1,780 | $1,490 |
| 4 Bedroom | -$540 | $2,280 | $1,740 |
Affordability — Excelsior Springs, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $237,000 |
| Median Household Income | $80,800 |