Best Neighborhoods To Invest In Fulton, MO

Overview of Fulton, MO Real Estate Market

Fulton, MO is a somewhat small city with a population of about 12,710 people. This makes it a close-knit community while still offering various amenities.

The city’s housing market features a mix of property types. Single-family detached homes are the most common, making up approximately 63.85% of the housing units in Fulton.

The median cost of homes in Fulton is around $207,664. This is below the national average, making it an attractive option for potential buyers.

Home Values:

• One-bedroom homes: $317K
• Two-bedroom homes: Increased by 14.7% over the past year
• Three-bedroom homes: Increased by 0.4%
• Four-bedroom homes: Increased by 21.2%
• Homes with five or more bedrooms: Decreased by 20.6%

A relatively large number of residents in Fulton work from home, with about 8.67% of the workforce telecommuting.

Fulton also offers affordable housing options, with listings ranging from $10.3K to $2.2M. Properties with 2-3 bedrooms are particularly popular.

The real estate market trends in Fulton show a steady appreciation rate over the past 10 years. Appreciation Rate: Home prices have generally increased, though changes may vary by specific property types and neighborhoods.

For those interested in deeper market trends and specific home values, information and tools are available to help buyers and sellers make informed decisions. Checking out real estate data from reputable sites like NeighborhoodScout and RocketHomes can offer more insights.

Economic Factors Influencing Fulton Investment

Fulton, MO, has several economic factors that make it a compelling area for investment.

Employment Rates: The area has a stable job market, which can be attractive for those looking to rent properties. Jobs in education, healthcare, and manufacturing are prevalent.

Population Trends: Fulton’s population is steady, contributing to a consistent demand for rental properties.

Local Economy: The economy in Fulton is diverse, including industries such as education and manufacturing. Schools and colleges contribute significantly to the local economy, creating a demand for rental housing.

Average Home Prices: Average home prices in Fulton are lower than the national average, making it an affordable place to invest.

Economic Development: Fulton has been recognized for its economic development efforts, which can positively impact property values. This makes it attractive for new businesses and potential renters.

Key Economic Indicators:

Fulton’s economic stability, job opportunities, and affordable housing create a positive environment for rental property investments.

Key Neighborhoods in Fulton for Investment

Fulton, MO offers several promising neighborhoods for real estate investment. Each area presents unique characteristics and opportunities, making the city an attractive option for potential buyers.

Hams Prairie, MO

Hams Prairie stands out for its peaceful and rural charm. It offers a mix of single-family homes and farmland properties, which usually attract families and retirees. Property values in Hams Prairie have been stable, providing a reliable investment environment. The community vibe is friendly, and there’s ample space for new developments, making it a smart choice for investors interested in long-term gains.

Carrington, MO

Carrington is known for its strong sense of community and proximity to essential services. The area features a variety of homes, from modest starter houses to larger family residences. Its location near schools and shopping centers makes it appealing to young families. Real estate listings here often get attention from buyers looking for a balance between suburban and rural living.

Kingdom City, MO

Kingdom City offers a unique appeal due to its strategic location at major highway intersections, enhancing its accessibility. This area is particularly attractive for commercial investment, with hospitality and retail being significant draws. The residential market is also strong, with a range of homes for sale that cater to a diverse demographic, including commuters and business owners.

Calwood, MO

Calwood boasts a quiet, countryside ambiance with plenty of open spaces and charming homes. It’s a niche market for those looking to escape city life while still being within reach of Fulton’s amenities. Investors will find opportunities in both residential properties and potential land developments. The slower pace of life and beautiful scenery add to its noteworthy appeal.

Millersburg, MO

Millersburg is a small yet vibrant community with a history of steady property value appreciation. The neighborhood has a mix of older homes and new constructions, providing options for various investment strategies. Its proximity to local industries and educational institutions makes it a practical choice for real estate investors aiming to target working professionals and students.

Housing Affordability and Cost of Living

In Fulton, MO, housing is quite affordable compared to many other locations. The city was recently listed in Southern Living’s article on the 15 Best Affordable Small Towns To Live In, highlighting its value.

Median home prices in Fulton sit well below the national average, making it an attractive option for new buyers and investors. The low housing costs are a key factor that drives interest in this area.

Renting in Fulton is also less expensive. The lower cost of living, combined with reasonable rent prices, makes it an ideal spot for both families and individuals looking to relocate.

Overall, Fulton offers a cost of living that is manageable and inviting for various demographics. It stands out especially among those seeking a peaceful, affordable place to call home. The balance between affordability and quality of life makes Fulton a noteworthy option.

Demographics and Population Dynamics

Fulton, MO has a population of approximately 12,710 people. This makes it a somewhat small city compared to others in Missouri.

The median age of residents in Fulton is 32.4 years. In other parts, the median age is around 41.29 years, showing some variance across neighborhoods.

Fulton has a population density of 1,030 people per square mile. This is much higher compared to the national average of 91 people per square mile.

Household Income:

• 24% of households have a median income below $25,000.
• Comparatively, the median home prices in Fulton are less than Missouri’s state average of $194,908.

Family Structure:

• About 40% of people aged 15 years or older are married.
• 57% of families have children under 18 years old.

Telecommuting:

• Around 8.67% of the workforce in Fulton works from home.

Residents can explore different neighborhoods in Fulton, which show different dynamics in median age and household structures.

For further details on specific neighborhood statistics, check out Fulton Demographics and Population Statistics and Population & Demographics in Fulton, MO.

Amenities and Quality of Life

Fulton, MO offers a variety of amenities and services that enhance the quality of life for its residents. This section explores some of the key features that make living here enjoyable and convenient.

Services and Facilities

The town provides essential services, such as public libraries, healthcare facilities, and community centers. These services ensure residents have access to important resources and support networks.

Dining and Cafes

Fulton is home to several local cafes and restaurants, catering to different tastes. Residents can enjoy a range of cuisines, from comfort food to international dishes. These dining options provide social hubs where locals can gather and unwind.

Education and Schools

Educational opportunities in Fulton are strong, with a mix of public and private schools. The town boasts a number of primary and secondary schools, ensuring quality education for children. Close access to education facilities supports family-friendly living.

Parks and Recreation

The town features parks and recreational areas, offering spaces for outdoor activities and relaxation. Residents can enjoy walking trails, picnic areas, and sports facilities which contribute to a healthy and active lifestyle.

Community Events

Fulton hosts community events and activities throughout the year, fostering a sense of community and belonging. These events provide opportunities for residents to connect and engage with each other.

Overall, the amenities and services in Fulton, MO contribute to a high quality of life, making it an attractive place to live and invest in.

Comparative Analysis with Nearby Cities

When comparing Fulton, MO to nearby cities, it’s essential to look at key factors like home values, crime rates, and amenities. Columbia, for instance, is one of the larger nearby cities and offers different advantages and challenges.

Home Values:

• In Fulton, MO, home prices are less expensive compared to the state average of $194,908.
• In Columbia, home prices tend to be higher due to its larger population and more amenities.

Crime Rates:

• Fulton boasts lower crime rates, making it a safer option for families.
• Columbia, while generally safe, has higher crime rates in some areas compared to Fulton.

Amenities:

• Fulton offers a quieter lifestyle with a close-knit community feel.
• Columbia has more shopping centers, restaurants, and recreational activities because it is a larger city.

Education:

• In Callaway County, where Fulton is located, schools tend to offer smaller class sizes.
• Columbia’s schools are well-funded, offering a variety of programs but often have larger class sizes.

Proximity to Jobs:

• Fulton is a short drive from Columbia, making it convenient for those who work in the larger city.
• Columbia offers more job opportunities in various sectors, appealing to professionals seeking more career options.

In summary, while Columbia offers more in terms of amenities and job opportunities, Fulton provides affordable housing and a safer, community-oriented lifestyle. Each city has its unique benefits, making the choice dependent on individual needs and preferences.

Housing Characteristics and Trends

In Fulton, MO, the housing market showcases a variety of home styles, from historic homes to new constructions.

Types of Homes: The city features single-family homes, multi-family units, and apartments. Historic homes often attract buyers looking for unique architectural details, while newer houses appeal to those preferring modern amenities.

Age of Homes

The age of homes varies significantly. Some properties date back to the early 1900s, offering a glimpse into the past with their classic structures and design. Conversely, new construction homes built within the past decade provide contemporary living spaces.

Home Characteristics

Historic Homes:

• Architecture: Typically feature period-specific designs.
• Materials: Often made with original materials like wood and brick.
• Size: May include larger lots with mature landscaping.

New Construction:

• Design: Modern open floor plans and energy-efficient systems.
• Materials: Use of current building standards like vinyl siding and composite roofing.
• Features: Smart home technology and environmentally friendly options.

Market Trends

Home values have been on the rise. In nearby Fulton County, GA, the average property sells for $469,000, which can indicate broader regional trends.

Time on Market:

• Historic Homes: Generally sell slower due to their specific market appeal.
• Newer Homes: Tend to move faster, often attracting younger buyers.

Housing Costs

Median Price: The median home price in similar markets is around $373,967, though costs in Fulton, MO may vary widely based on location and home type.

Renting vs. Buying: While 41.83% of residents rent in Fulton County, many in Fulton, MO may find buying more cost-effective due to competitive home prices.

Education System and Schools in Fulton

Fulton, MO offers a robust education system with a mix of public and private schools. The city is home to several top-rated schools, providing a strong academic foundation for its students.

The Fulton Public School District serves the community with a variety of educational institutions. Key schools in the district include:

• Fulton High School
• Bartley Elementary School
• Bush Elementary School

Most schools in Fulton are known for their dedicated teachers and supportive environments. For example, Fulton High School has a good reputation for its academic programs and extracurricular activities, catering to diverse student interests.

A number of private schools also operate in Fulton, offering alternative educational options. These schools maintain smaller class sizes, which can benefit students who need more individualized attention.

The GreatSchools rating provides insights into the performance of these schools. Higher ratings indicate schools with better test scores and student progress. It’s important for parents and investors to look at these ratings when considering educational quality.

With a strong focus on quality education, the schools in Fulton strive to prepare students for future success, both academically and personally. For more information about these top schools, visit publicschoolreview.com or Niche.

Quality education in Fulton makes it an attractive place for families and investors alike. This emphasis on good schools supports the community’s growth and development.

Real Estate Investment Performance

Fulton, MO offers promising opportunities for real estate investors.

Median Property Prices:

• According to recent data, the median property price in Fulton is around $251,390. This reflects a healthy and stable real estate market.

Home Appreciation:

• Home appreciation rates in Fulton have been strong over the past decade. Notably, the area has seen a 67.1% increase in home values over the last 10 years. Just in the past year, home appreciation has risen by 15.2% (source).

Median Home Cost:

• The median home cost in Fulton stands at $174,100. This makes it an attractive option for investors looking for affordable properties with good appreciation potential.

Listing Prices:

• The median listing price for homes in Fulton as of April 2024 was $170,000. Despite a slight year-over-year decline of 12.8%, this still represents a balanced and controlled market (source).

Rental Market:

• Fulton has a diverse rental market. The city’s workforce contains a significant number of telecommuters, making rental properties in this area appealing to remote workers (source).

Age of Homes:

• The median age of homes in Fulton is about 45 years. This mix of older and potentially historic properties can appeal to a variety of buyers and investors looking for unique investment opportunities (source).

Transportation and Commute Patterns

Fulton, MO offers a straightforward commute experience. The city’s average one-way commute time is 18.5 minutes, which is shorter than the national average. This makes it appealing for those looking to spend less time on the road.

Public transportation options are limited, but the city’s compact size makes it easy to navigate by car or bike. Major roads provide quick access to neighboring areas.

Commuting Patterns:

• Average Commute Time: 18.5 minutes
• Main Transit Modes: Car, bike, limited public transit
• Accessibility: Good road network

Commuting in Fulton is generally hassle-free. With lower traffic congestion and shorter commute times, residents can enjoy more time at home or work. This makes Fulton an attractive place for potential investors.

For those traveling to nearby cities, the main highways are conveniently accessible. This allows for easy travel to larger urban centers for work or leisure activities.

Local Services and Home Services

Fulton, MO offers a range of local services that cater to the needs of its residents. Home services in the area include reliable plumbing, electrical, and HVAC contractors. Many of these professionals are well-reviewed and provide both maintenance and emergency services.

Utilities in Fulton are efficiently managed, with residents having access to essential services like water, electricity, and natural gas. The average household income in Fulton is about $4,974 per month, making home services and utilities quite affordable.

Residents in Fulton enjoy various amenities such as parks, recreational facilities, and community centers. These amenities contribute to a high quality of life and offer plenty of opportunities for leisure and community engagement.

Local services also include grocery stores, pharmacies, and healthcare facilities. These services are conveniently located, ensuring that residents do not need to travel far for daily necessities.

For those interested in real estate, Fulton has a variety of homes for sale, suiting different budgets and preferences. This makes investing in property here an appealing option, given the availability of professional home services and local amenities.

Crime Rates and Safety

Fulton, MO has a mix of neighborhoods with varying crime rates. It’s important to understand these differences when choosing where to invest.

NeighborhoodScout reports that in Fulton, the chance of becoming a victim of violent crime is 1 in 489, while the chance of being affected by property crime is 1 in 52.

People living in the northwest part of Fulton generally consider it to be the safest area. In contrast, the eastern neighborhoods have higher crime rates, with chances of being a crime victim as high as 1 in 14. In safer areas, like the northwest, those chances are as low as 1 in 36.

According to AreaVibes, Fulton’s crime rates are 9% lower than the national average, with violent crimes being significantly 45% lower. Fulton also has seen a 31% decrease in crime year over year. This indicates an overall improvement in safety over time.

For more details on specific crime statistics and safety ratings, visit the NeighborhoodScout Fulton Crime Rates and the AreaVibes Fulton Crime Rates pages.

Investors can benefit from studying these patterns to make informed decisions about which neighborhoods offer the best balance between safety and potential returns.

Investment Strategies for Fulton Real Estate

Investing in Fulton can be a smart move. The town offers diverse properties, from single-family homes to apartments. Here are some strategies to consider:

Buy and Hold

One proven strategy is the buy and hold approach. Investors purchase properties and rent them out over time. This can generate steady income. Residential properties like homes or small multi-family units often perform well with this method.

Flipping Properties

Flipping can also be effective in Fulton. Investors buy homes that need renovation, improve them, and sell for profit. This requires good knowledge of the market and skilled contractors but can yield high returns quickly.

Rental Properties

For those looking to generate income, rental properties are key. Fulton has a range of homes and apartments suitable for renting. You can manage properties yourself or hire a property management company to handle day-to-day operations.

Neighborhood Investment Trusts

Investors can also consider Neighborhood Investment Trusts. These trusts allow residents to pool money for larger investments, which can help boost the local economy and provide returns.

Diversify

Diversification helps reduce risk. Investors should consider a mix of single-family homes, apartments, and commercial real estate to spread their investments.

Location Analysis

Understanding the market location is crucial. Researching the best neighborhoods in Fulton is essential. For instance, areas with good schools, amenities, and low crime rates tend to be more desirable for renters and buyers.

By using these strategies, investors can make informed decisions and potentially see strong returns in Fulton’s real estate market.

Frequently Asked Questions

Neighborhoods in Fulton, MO, are attracting attention for their affordable prices and potential for growth. Here is some information to help guide real estate investment decisions.

What are the top-rated neighborhoods in Fulton, MO for real estate investment?

Areas with the highest home values in Fulton include neighborhoods like Kingdom City and the city center. These neighborhoods often have better amenities and lower crime rates. More details can be found on The Best Neighborhoods in Fulton, MO.

Which areas in Fulton, MO have the highest potential for property value appreciation?

Neighborhoods near educational institutions and commercial centers show higher potential for appreciation. Areas around Westminster College and the downtown business district are prime examples.

Are there any emerging neighborhoods in Fulton, MO that are recommended for investing?

Some neighborhoods are up-and-coming due to new developments and infrastructure improvements. Keen investors are looking at areas that are attracting new businesses and housing projects.

How does the real estate market in Fulton, MO compare with nearby Columbia, MO?

Fulton offers more affordable real estate options compared to Columbia. While Columbia has a higher average home value, Fulton provides investment opportunities at lower entry costs. For comparison, see Fulton, MO Real Estate Market Data.

What types of properties in Fulton, MO offer the best return on investment?

Single-family homes and rental properties are popular for their stable returns. Duplexes and triplexes also present good opportunities for consistent rental income.

What are the key factors to consider when choosing a neighborhood to invest in within Fulton, MO?

Potential investors should look at factors such as crime rates, school quality, proximity to amenities, and future development plans. Neighborhoods with low vacancy rates and high demand for rentals are typically good investments. Visit The Most Affordable Neighborhoods in Fulton, MO for more information.