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Mill Spring

Learn about the people, housing, costs and businesses in Mill Spring, Missouri

Median Home$76,000
Median Rent$532/month
Population126
Leading IndustriesFinance & Insurance · Public Administration · Construction9% finance & insurance
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableAffordable Market$76k median home · lower cost than 98% of the country
NotableVeteran Community11% of residents · top 9% nationally
Mill Spring
MO

Frequently Asked Questions

What are today's mortgage rates in Mill Spring?

As of today, the 30-year fixed mortgage rate for Mill Spring is approximately 7.046% (7.087% 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 Mill Spring?

The median home value in Mill Spring is $76k. The median monthly rent is $532. Annual property taxes average $502. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Mill Spring?

Based on a typical all-in ownership cost of $453/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mill Spring is $47k/year.

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What industries drive the economy in Mill Spring?

The largest employment sectors in Mill Spring are public administration (32%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.