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Miami R-I

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

Median Home$188,991
Median Rent$602/month
Population402
Leading IndustriesConstruction · Transportation · Information & Media16% construction
Home Value Growth⬆⬆+12.2% over 2 years
Retirees31% of residentstop 1% nationally
Homeowners81% of occupied units
NotableAffordable Market$189k median home · lower cost than 85% of the country
NotableVeteran Community8% of residents · top 18% nationally
Miami R-I
MO

Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Miami R-I is approximately 6.916% (6.953% 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 Miami R-I
What is the median home price in Miami R-I?

The median home value in Miami R-I is $189k. The median monthly rent is $602. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Miami R-I?

Home values in Miami R-I have increased 12.2% 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 Miami R-I?

Based on a typical all-in ownership cost of $721/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Miami R-I is $67k/year.

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What industries drive the economy in Miami R-I?

The largest employment sectors in Miami R-I are public administration (20%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.