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Counties with the lowest home prices in Missouri

Written by:
June 8, 2021
Arina P Habich // Shutterstock

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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.

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

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