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Hannibal

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

Median Home$114,034
Median Rent$782/month
Population16,776
Leading IndustryRetail17% of local workforce
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners64% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableAffordable Market$114k median home · lower cost than 87% of the country
Hannibal
MO

Frequently Asked Questions

What are today's mortgage rates in Hannibal?

As of today, the 30-year fixed mortgage rate for Hannibal is approximately 7.043% (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 Hannibal?

The median home value in Hannibal is $114k. The median monthly rent is $782. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hannibal?

Home values in Hannibal have increased 13.5% 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 Hannibal?

Based on a typical all-in ownership cost of $706/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hannibal is $55k/year.

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What industries drive the economy in Hannibal?

The largest employment sectors in Hannibal are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.