Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$232,325+5.3% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$50,363About 0.9× the local median income ($58,629): affordable for a typical household
Days on market72 daysAbout the same pace as a year ago
The typical home in Phelps County, MO is worth $232,325, up 5.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $215,515, so the area is 7.8% overvalued. It is a seller's market: homes take about 72 days to sell, listings are down 6% from a year ago, 19% of listings have had a price cut. A household needs about $50,363 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,629. Typical rent is $822 a month. In the latest IRS figures, 7 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$232,325
Change in 1 year
+5.3%
Overvalued %
+7.8%
Show 6 more
Fair home value
$215,515
Change in 5 years
+30.8%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,259
Income needed to afford it
$50,363
Property tax rate
0.64%
Rent and investing
Typical rent
$822
Price-to-rent ratio
23.5×
HUD Fair Market Rent, 2 bedrooms
$973
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Gross rental yield
4.25%
Cap rate (estimate)
2.76%
Market activity
Listings vs a year ago
−6.0%
Days on market
72
Listings with a price cut
19.4%
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Homes for sale
158
Pending sales per 100 listings
32
Asking price per sq ft
$153
People and jobs
Median household income
$58,629
Population change (1 year)
+0.1%
Unemployment rate
3.9%
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Population
45,247
Income adjusted for cost of living
$69,880
Net moves in (IRS)
−7
Cost of living (US = 100)
83.9
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
53.7
Flood risk score
52.4
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Wildfire risk score
57.9
Walkability (1 to 20)
6.3
Road, rail and air noise
54 dB
Questions people ask
Is Phelps County, MO overvalued?
Home prices in Phelps County, MO are slightly above what local incomes have historically supported: fair value is about $215,515, so the area is 7.8% overvalued.
Is Phelps County, MO a buyer's or seller's market?
Phelps County, MO is a seller's market: homes take about 72 days to sell, listings are down 6% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Phelps County, MO?
Home values in Phelps County, MO are up 5.3% over the last year.
How much do you need to earn to buy a home in Phelps County, MO?
A household needs about $50,363 a year to afford the typical home in Phelps County, MO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,629.