The average house value in Missouri is $236K, which has increased by 13% in the past year. Rates in Missouri are relatively more affordable than the national average of $357K.
According to the Missouri Economic Research and Information Center, the state has the 7th most affordable cost of living in the U.S. If you’re buying your first home in Missouri, you will pay less than in most other housing markets in the country.
However, the cost of living is one of many factors you need to weigh when buying a home. You also need to consider the lender terms, repayment period, interest rate and other requisites. In this guide, MoneyGeek helps you understand the nitty-gritty about buying a house in Missouri.