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Mountain Grove

Learn about the people, housing, costs and businesses in Mountain Grove, Missouri

Median Home$96,252
Median Rent$788/month
Population4,338
Leading IndustriesPublic Administration · Education30% public administration
Home Value Growth⬆⬆⬆+27.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners76% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableAffordable Market$96k median home · lower cost than 93% of the country
Mountain Grove
MO

Frequently Asked Questions

What are today's mortgage rates in Mountain Grove?

As of today, the 30-year fixed mortgage rate for Mountain Grove is approximately 7.198% (7.246% 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 Mountain Grove?

The median home value in Mountain Grove is $96k. The median monthly rent is $788. Annual property taxes average $476. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mountain Grove?

Home values in Mountain Grove have increased 27.3% 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 Mountain Grove?

Based on a typical all-in ownership cost of $586/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mountain Grove is $45k/year.

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What industries drive the economy in Mountain Grove?

The largest employment sectors in Mountain Grove are public administration (30%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.