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Licking

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

Median Home$124,215
Median Rent$726/month
Population2,732
Leading IndustriesRetail · Information & Media24% retail
Home Value Growth+1.6% over 2 years
Young Adults34% of residentswell above average
Homeowners65% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Licking
MO

Frequently Asked Questions

What are today's mortgage rates in Licking?

As of today, the 30-year fixed mortgage rate for Licking is approximately 7.387% (7.440% 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 Licking?

The median home value in Licking is $124k. The median monthly rent is $726. Annual property taxes average $689. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Licking?

Home values in Licking have increased 1.6% over the past two years. The market has been relatively stable. 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 Licking?

Based on a typical all-in ownership cost of $701/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 Licking is $38k/year.

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What industries drive the economy in Licking?

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