Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Fayette R-III

Learn about the people, housing, costs and businesses in Fayette R-III, Missouri

Median Home$149,854
Median Rent$845/month
Population9,922
Leading IndustriesManufacturing · Agriculture & Mining · Wholesale Trade3% manufacturing
Home Value Growth⬆⬆+11.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners70% of occupied units
NotableAffordable Market$150k median home · lower cost than 84% of the country
NotableVeteran Community8% of residents · top 27% nationally
Fayette R-III
MO

Frequently Asked Questions

What are today's mortgage rates in Fayette R-III?

As of today, the 30-year fixed mortgage rate for Fayette R-III is approximately 6.966% (7.008% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Fayette R-III
What is the median home price in Fayette R-III?

The median home value in Fayette R-III is $150k. The median monthly rent is $845. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fayette R-III?

Home values in Fayette R-III have increased 11.9% 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 Fayette R-III?

Based on a typical all-in ownership cost of $805/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fayette R-III is $52k/year.

Calculate your buying power
What industries drive the economy in Fayette R-III?

The largest employment sectors in Fayette R-III are public administration (24%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.