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Deepwater

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

Median Home$145,900
Median Rent$765/month
Population363
Leading IndustriesTransportation · Public Administration · Construction6% transportation
Home Value Growth⬆⬆⬆+24.7% over 2 years
Retirees28% of residentswell above average
Homeowners85% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$146k median home · lower cost than 76% of the country
Deepwater
MO

Frequently Asked Questions

What are today's mortgage rates in Deepwater?

As of today, the 30-year fixed mortgage rate for Deepwater is approximately 7.046% (7.087% 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 Deepwater?

The median home value in Deepwater is $146k. The median monthly rent is $765. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deepwater?

Home values in Deepwater have increased 24.7% 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 Deepwater?

Based on a typical all-in ownership cost of $739/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deepwater is $63k/year.

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What industries drive the economy in Deepwater?

The largest employment sectors in Deepwater are public administration (30%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.