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Lamar R-I

Learn about the people, housing, costs and businesses in Lamar R-I, Missouri

Median Home$246,893
Median Rent$1,413/month
Population101,474
Leading IndustriesConstruction · Agriculture & Mining · Transportation6% construction
Home Value Growth⬆⬆+17.3% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners77% of occupied units
Lamar R-I
MO

Frequently Asked Questions

What are today's mortgage rates in Lamar R-I?

As of today, the 30-year fixed mortgage rate for Lamar R-I is approximately 6.982% (7.021% 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 Lamar R-I
What is the median home price in Lamar R-I?

The median home value in Lamar R-I is $247k. The median monthly rent is $1,413. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamar R-I?

Home values in Lamar R-I have increased 17.3% 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 Lamar R-I?

Based on a typical all-in ownership cost of $1,242/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamar R-I is $83k/year.

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What industries drive the economy in Lamar R-I?

The largest employment sectors in Lamar R-I are public administration (20%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.