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Cobalt

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

Median Home$114,000
Median Rent$893/month
Population293
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing7% finance & insurance
Home Value Growth⬆⬆⬆+31.3% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners63% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Cobalt
MO

Frequently Asked Questions

What are today's mortgage rates in Cobalt?

As of today, the 30-year fixed mortgage rate for Cobalt is approximately 6.923% (6.960% 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 Cobalt?

The median home value in Cobalt is $114k. The median monthly rent is $893. Annual property taxes average $963. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cobalt?

Home values in Cobalt have increased 31.3% 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 Cobalt?

Based on a typical all-in ownership cost of $830/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cobalt is $58k/year.

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What industries drive the economy in Cobalt?

The largest employment sectors in Cobalt are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.