O'Fallon is located in the eastern part of Missouri approximately 30 minutes west of the major metropolitan area of St. Louis. It is connected to St. Louis and the surrounding metropolitan area by I-70 in St. Charles County, which is one of the state's fastest growing counties.
Substantial residential and commercial growth has occurred in the community since the I-70 link was completed in the mid-1950s. Over the past 10 years, O'Fallon has doubled in size from 20,000 to 45,000 residents and growing. It is a progressive, upscale business friendly community with charming older homes, new subdivisions and excellent schools. Two major public parks provide residents with plenty of recreational activities and programs. Because of its close proximity to the numerous employment industries, as well as the entertainment and cultural opportunities in St. Louis -- and its affordable, eclectic mix of real estate -- residents enjoy small-town charm with easy access to all the amenities of a major metropolitan area.
The O'Fallon real estate market is very diverse. Homes for sale in the Greater Ville, College Hill, Penrose, Fairground and Jeff-Vander-Lou areas affordably range in price from $115,000 to $1.5 million and more. Many of these neighborhoods are a testimony to a rich historical heritage which is evident in readily available brick bungalows, small-frame cottages and single-family detached brick homes with large yards.
Served primarily by the Fort Zumwalt School District, the community caters to over 18,000 students. The school district covers 136 square miles and has earned an AAA rating, the highest in the entire state of Missouri. St. Charles County Community College is located just 10 minutes from town.
O'Fallon's real estate market features a mixture of condominium and townhouses along with traditional, contemporary and ranch-style homes for sale. Condominiums in O'Fallon start at just under $100,000 for smaller, older traditional styles and range up to $400,000 for larger, newer properties. Prices for single-family homes in O'Fallon start around $100,000 in communities such as Woodcrest, O'Fallon Hills, Forest Park, St. Nicholas and Bayfield. Prices for homes can exceed $1 million for modern cabin-style homes in communities such as Key Harbour, The Moorings, The Oaks of Andrew and Oak Bluff Reserve. Many of O'Fallon's homes feature substantial treed acreage, vaulted cathedral ceilings and game rooms, and many offer water and mountain views.
O Fallon Real Estate Stats and Trends for the week of March 2nd, 2015: homes priced around $190,546 compared to $189,845 the previous week, for a slight increase of less than +1%. For Wednesday, March 4th, the current national mortgage rate for a 30 year fixed mortgage is 3.92%; the 15 year fixed rate is at 3.00%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 4.06%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in O Fallon MO. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in O Fallon to help you find the best home!