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Frequently Asked Questions

Where is the cheapest place to buy a house in Missouri?

Kennett is the cheapest place to buy a house in Missouri, with a median home price around $109,500. The cost of living is 12% lower than the national average, making it an affordable option.

Other affordable places include Joplin, Cape Girardeau, and Kirksville, which also have median home prices under $200K and are known for their lower cost of living..

What is the average cost to buy a house in Missouri?

The average cost to buy a house in Missouri is $271,000. Home prices have increased by 4% compared to the previous year. Missouri’s cost of living is about 9% lower than the national average.

How many homes are available for sale in Missouri?

There are currently 58,467 homes for sale in Missouri. Among them, 74 are Missouri's hot properties, and 11,870 are Missouri homes without HOA fees.

What is the average utility cost in Missouri?

The average monthly utility cost in Missouri is about $368, covering electricity, gas, water, trash, and internet. Electricity averages around $137/month, with higher bills in winter due to heating. Natural gas is approximately $100/month, water adds $31, and trash costs about $18/month.

However, utility costs can vary depending on location, home size, and usage. Areas like Miami, St. Louis, and Kansas City may see higher costs, particularly during winter and summer months.

What are the average HOA fees in Missouri?

HOA fees in Missouri typically range from $100 to $350/month, depending on the property type, location, and amenities.For single-family homes, the average is around $200/month. Condos and townhomes tend to cost more, often $250–$350, with luxury communities possibly exceeding $500/month.

Cities like Chesterfield and Columbia may have higher fees, especially in gated or upscale neighborhoods. These fees often cover landscaping, maintenance, and amenities like pools and fitness centers.

Is it smarter to rent or buy a home in Missouri?

Whether renting or buying is smarter depends on your finances, plans, location, and Missouri housing market. In Missouri, buying is generally a better long-term choice. The average home price is around $271,000, while rent typically ranges from $1,000 to $1,300 per month.

With 20% down and a 30-year loan at 6.5%, monthly payments would range from $1,500 to $1,700, excluding taxes and insurance. In cities like Springfield, St. Charles, and St. Jefferson City, buying may cost more upfront but helps build equity over time.

If you plan to stay for five years or more, buying often makes sense. If you're unsure about settling down or still saving for a home, renting may be a better option. It offers lower upfront costs and more flexibility. Use a mortgage calculator to compare real-time costs in your area.

Is Missouri a good place to live?

Yes, Missouri offers a variety of living environments, from urban areas like St. Louis and Kansas City to rural areas with scenic views and lower costs. The state has a moderate climate, a lower cost of living, and offers outdoor activities year-round.

Columbia is often ranked as one of the best places to live, with a median home price of $285,000, excellent schools, and a thriving local economy. However, Missouri does have some downsides, such as higher-than-average crime rates in urban areas and a relatively high state sales tax.

What's the safest place to live in Missouri?

Chesterfield is considered the safest city in Missouri, with a violent crime rate of about 0.7 and a property crime rate of 7.5 per 1,000 residents, both well below the national average. Known for its peaceful neighborhoods, strong community, and low crime rates, it’s a great option for families.

Other safe cities include Wildwood, Ballwin, and Lee’s Summit. These cities offer low crime rates, excellent schools, and family-friendly environments. If safety is your top priority, these places are all outstanding choices.

Can a foreigner buy a house in Missouri?

Yes, foreigners can buy a house in Missouri. There are no general restrictions on citizenship or residency. You do not need to be a U.S. citizen or a green card holder to own property.

However, some countries face restrictions. Buyers from countries like China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria are prohibited from purchasing land near military bases or critical infrastructure. They are still allowed to buy a single residential property under 2 acres if it's at least 5 miles away from such sites. A valid visa is also required for the purchase.

What are the disadvantages of moving to Missouri?

High property taxes: Missouri’s property taxes can be relatively high, especially in urban areas like St. Louis and Kansas City, which may add to your overall housing costs.

Severe weather: The state is prone to extreme weather, including tornadoes, thunderstorms, and heavy snow in the winter. This can create uncertainty for homeowners and lead to increased insurance costs.

Cold winters: Missouri winters can be harsh, with cold temperatures and significant snowfall. The long, freezing season increases heating costs and limits outdoor activities during the winter months.

Traffic and congestion: While Missouri isn't as crowded as other states, cities like St. Louis and Kansas City experience traffic congestion during rush hours, making commutes longer and more stressful.

Tourist crowds: Popular tourist destinations like Lake of the Ozarks and Branson can become crowded during peak seasons, raising prices and making local attractions harder to access.

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