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Laredo R-VII

Learn about the people, housing, costs and businesses in Laredo R-VII, Missouri

Median Home$176,208
Median Rent$773/month
Population424
Leading IndustriesRetail · Transportation · Public Administration14% retail
Home Value Growth⬆⬆+20.7% over 2 years
Retirees20% of residentsnear the national average
Homeowners82% of occupied units
NotableAffordable Market$176k median home · lower cost than 87% of the country
NotableHighly Educated25% bachelor's · 12% graduate · top 17% nationally
Laredo R-VII
MO

Frequently Asked Questions

What are today's mortgage rates in Laredo R-VII?

As of today, the 30-year fixed mortgage rate for Laredo R-VII is approximately 7.347% (7.399% 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 Laredo R-VII
What is the median home price in Laredo R-VII?

The median home value in Laredo R-VII is $176k. The median monthly rent is $773. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laredo R-VII?

Home values in Laredo R-VII have increased 20.7% 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 Laredo R-VII?

Based on a typical all-in ownership cost of $687/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laredo R-VII is $60k/year.

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What industries drive the economy in Laredo R-VII?

The largest employment sectors in Laredo R-VII are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.