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Morehouse

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

Median Home$142,100
Median Rent$789/month
Population695
Leading IndustriesInformation & Media · Finance & Insurance · Construction11% information & media
Home Value Growth⬆⬆+20.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners65% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$142k median home · lower cost than 77% of the country
Morehouse
MO

Frequently Asked Questions

What are today's mortgage rates in Morehouse?

As of today, the 30-year fixed mortgage rate for Morehouse 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 Morehouse?

The median home value in Morehouse is $142k. The median monthly rent is $789. Annual property taxes average $884. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morehouse?

Home values in Morehouse have increased 20.8% 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 Morehouse?

Based on a typical all-in ownership cost of $780/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morehouse is $54k/year.

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What industries drive the economy in Morehouse?

The largest employment sectors in Morehouse are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.