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Bates

Learn about the people, housing, costs and businesses in Bates, Missouri

Median Home$347,000
Median Rent$1,030/month
Population232
Leading IndustriesInformation & Media · Public Administration · Manufacturing9% information & media
Home Value Growth⬆⬆+16.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$92k/year · top 22% nationally
Bates City
MO

Frequently Asked Questions

What are today's mortgage rates in Bates?

As of today, the 30-year fixed mortgage rate for Bates is approximately 6.980% (7.019% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bates?

The median home value in Bates is $347k. The median monthly rent is $1,030. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bates?

Home values in Bates have increased 16.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bates?

Based on a typical all-in ownership cost of $1,074/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bates is $92k/year.

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What industries drive the economy in Bates?

The largest employment sectors in Bates are public administration (29%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.