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Counties with the lowest home prices in Missouri

Written by:
June 8, 2021
Kbh3rd // Wikimedia Commons

Counties with the lowest home prices in Missouri

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Missouri. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in Missouri has the lowest home prices.

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JERRYE & ROY KLOTZ MD // Wikimedia Commons

#30. Macon County

- Monthly mortgage payment in 2020: $381 (8.4% less than 2019)
- Monthly mortgage payment in 2019: $416
- Median home value in 2020: $102,900
- Ranked #774 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#29. Putnam County

- Monthly mortgage payment in 2020: $379 (3.3% greater than 2019)
- Monthly mortgage payment in 2019: $367
- Median home value in 2020: $102,300
- Ranked #756 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#28. Reynolds County

- Monthly mortgage payment in 2020: $376 (9.2% less than 2019)
- Monthly mortgage payment in 2019: $414
- Median home value in 2020: $101,600
- Ranked #740 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#27. Oregon County

- Monthly mortgage payment in 2020: $367 (6.4% less than 2019)
- Monthly mortgage payment in 2019: $392
- Median home value in 2020: $99,100
- Ranked #679 out of 3,120 counties nationwide
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Americasroof // Wikimedia Commons

#26. Washington County

- Monthly mortgage payment in 2020: $365 (10.8% less than 2019)
- Monthly mortgage payment in 2019: $409
- Median home value in 2020: $98,600
- Ranked #670 out of 3,120 counties nationwide
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TommyBrison // Shutterstock

#25. St. Clair County

- Monthly mortgage payment in 2020: $360 (1.1% less than 2019)
- Monthly mortgage payment in 2019: $364
- Median home value in 2020: $97,300
- Ranked #643 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#24. Clark County

- Monthly mortgage payment in 2020: $353 (7.8% less than 2019)
- Monthly mortgage payment in 2019: $383
- Median home value in 2020: $95,300
- Ranked #604 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#23. Mercer County

- Monthly mortgage payment in 2020: $348 (8.7% less than 2019)
- Monthly mortgage payment in 2019: $381
- Median home value in 2020: $94,100
- Ranked #566 out of 3,120 counties nationwide
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Americasroof // Wikimedia Commons

#22. Holt County

- Monthly mortgage payment in 2020: $347 (17.0% less than 2019)
- Monthly mortgage payment in 2019: $418
- Median home value in 2020: $93,800
- Ranked #561 out of 3,120 counties nationwide
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Americasroof // Wikimedia Commons

#21. Carroll County

- Monthly mortgage payment in 2020: $346 (5.5% less than 2019)
- Monthly mortgage payment in 2019: $366
- Median home value in 2020: $93,400
- Ranked #550 out of 3,120 counties nationwide
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Americasroof // Wikimedia Commons

#20. Gentry County

- Monthly mortgage payment in 2020: $346 (8.7% less than 2019)
- Monthly mortgage payment in 2019: $379
- Median home value in 2020: $93,400
- Ranked #551 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#19. Chariton County

- Monthly mortgage payment in 2020: $345 (13.5% less than 2019)
- Monthly mortgage payment in 2019: $399
- Median home value in 2020: $93,000
- Ranked #538 out of 3,120 counties nationwide
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Nyttend // Wikimedia Commons

#18. Lewis County

- Monthly mortgage payment in 2020: $345 (9.0% less than 2019)
- Monthly mortgage payment in 2019: $379
- Median home value in 2020: $93,000
- Ranked #539 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#17. Linn County

- Monthly mortgage payment in 2020: $342 (5.0% less than 2019)
- Monthly mortgage payment in 2019: $360
- Median home value in 2020: $92,300
- Ranked #522 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#16. Wayne County

- Monthly mortgage payment in 2020: $334 (2.5% greater than 2019)
- Monthly mortgage payment in 2019: $326
- Median home value in 2020: $90,100
- Ranked #456 out of 3,120 counties nationwide
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JERRYE AND ROY KLOTZ MD // Wikimedia Commons

#15. Atchison County

- Monthly mortgage payment in 2020: $333 (10.5% less than 2019)
- Monthly mortgage payment in 2019: $372
- Median home value in 2020: $89,900
- Ranked #449 out of 3,120 counties nationwide
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Dean Sebourn // Wikimedia Commons

#14. Ripley County

- Monthly mortgage payment in 2020: $328 (11.4% less than 2019)
- Monthly mortgage payment in 2019: $370
- Median home value in 2020: $88,700
- Ranked #420 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#13. Iron County

- Monthly mortgage payment in 2020: $328 (9.9% less than 2019)
- Monthly mortgage payment in 2019: $364
- Median home value in 2020: $88,500
- Ranked #412 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#12. Dade County

- Monthly mortgage payment in 2020: $327 (7.6% less than 2019)
- Monthly mortgage payment in 2019: $354
- Median home value in 2020: $88,400
- Ranked #409 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#11. Hickory County

- Monthly mortgage payment in 2020: $327 (20.8% less than 2019)
- Monthly mortgage payment in 2019: $413
- Median home value in 2020: $88,300
- Ranked #407 out of 3,120 counties nationwide
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Brian Stansberry // Wikimedia Commons

#10. Pemiscot County

- Monthly mortgage payment in 2020: $322 (5.8% less than 2019)
- Monthly mortgage payment in 2019: $342
- Median home value in 2020: $86,900
- Ranked #379 out of 3,120 counties nationwide
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Brian Stansberry // Wikimedia Commons

#9. Mississippi County

- Monthly mortgage payment in 2020: $314 (4.3% less than 2019)
- Monthly mortgage payment in 2019: $328
- Median home value in 2020: $84,900
- Ranked #317 out of 3,120 counties nationwide
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Charvex // Wikimedia Commons

#8. Sullivan County

- Monthly mortgage payment in 2020: $302 (7.9% less than 2019)
- Monthly mortgage payment in 2019: $328
- Median home value in 2020: $81,500
- Ranked #253 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#7. Dunklin County

- Monthly mortgage payment in 2020: $300 (6.5% less than 2019)
- Monthly mortgage payment in 2019: $321
- Median home value in 2020: $81,000
- Ranked #247 out of 3,120 counties nationwide
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Americasroof // Wikimedia Commons

#6. Harrison County

- Monthly mortgage payment in 2020: $298 (8.3% less than 2019)
- Monthly mortgage payment in 2019: $325
- Median home value in 2020: $80,500
- Ranked #234 out of 3,120 counties nationwide
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Canva

#5. Knox County

- Monthly mortgage payment in 2020: $296 (5.4% less than 2019)
- Monthly mortgage payment in 2019: $313
- Median home value in 2020: $79,900
- Ranked #223 out of 3,120 counties nationwide
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Joseph Sohm // Shutterstock

#4. New Madrid County

- Monthly mortgage payment in 2020: $292 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $328
- Median home value in 2020: $78,900
- Ranked #201 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#3. Shelby County

- Monthly mortgage payment in 2020: $283 (12.9% less than 2019)
- Monthly mortgage payment in 2019: $325
- Median home value in 2020: $76,400
- Ranked #166 out of 3,120 counties nationwide
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Kbh3rd // Wikimedia Commons

#2. Schuyler County

- Monthly mortgage payment in 2020: $279 (9.1% less than 2019)
- Monthly mortgage payment in 2019: $307
- Median home value in 2020: $75,400
- Ranked #152 out of 3,120 counties nationwide
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Original by Patrick Hull, modifications by Kbh3rd // Wikimedia Commons

#1. Worth County

- Monthly mortgage payment in 2020: $250 (12.9% less than 2019)
- Monthly mortgage payment in 2019: $287
- Median home value in 2020: $67,500
- Ranked #68 out of 3,120 counties nationwide
This story originally appeared on and was produced and distributed in partnership with Stacker Studio.

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