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Liberal

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

Median Home$172,500
Median Rent$670/month
Population651
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining15% wholesale trade
Home Value Growth⬆⬆⬆+21.1% over 2 years
Young Adults24% of residents
Homeowners77% of occupied units
Liberal
MO

Frequently Asked Questions

What are today's mortgage rates in Liberal?

As of today, the 30-year fixed mortgage rate for Liberal is approximately 6.951% (6.992% 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 Liberal?

The median home value in Liberal is $173k. The median monthly rent is $670. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Liberal?

Home values in Liberal have increased 21.1% 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 Liberal?

Based on a typical all-in ownership cost of $695/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 Liberal is $67k/year.

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What industries drive the economy in Liberal?

The largest employment sectors in Liberal are public administration (24%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.