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Fredericktown

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

Median Home$139,622
Median Rent$769/month
Population4,440
Leading IndustriesTransportation · Manufacturing · Finance & Insurance4% transportation
Home Value Growth⬆⬆⬆+31.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners61% of occupied units
NotableAffordable Market$140k median home · lower cost than 78% of the country
Fredericktown
MO

Frequently Asked Questions

What are today's mortgage rates in Fredericktown?

As of today, the 30-year fixed mortgage rate for Fredericktown is approximately 7.448% (7.503% 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 Fredericktown?

The median home value in Fredericktown is $140k. The median monthly rent is $769. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fredericktown?

Home values in Fredericktown have increased 31.2% 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 Fredericktown?

Based on a typical all-in ownership cost of $751/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 Fredericktown is $52k/year.

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What industries drive the economy in Fredericktown?

The largest employment sectors in Fredericktown are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.