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Mountain Grove R-III

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

Median Home$188,316
Median Rent$920/month
Population34,747
Leading IndustriesManufacturing · Wholesale Trade1% manufacturing
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults23% of residents
Homeowners81% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableAffordable Market$188k median home · lower cost than 67% of the country
Mountain Grove R-III
MO

Explore Mountain Grove R-III

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Mountain Grove R-III?

As of today, the 30-year fixed mortgage rate for Mountain Grove R-III is approximately 6.983% (7.022% 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 Mountain Grove R-III
What is the median home price in Mountain Grove R-III?

The median home value in Mountain Grove R-III is $188k. The median monthly rent is $920. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mountain Grove R-III?

Home values in Mountain Grove R-III have increased 15.3% 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 R-III?

Based on a typical all-in ownership cost of $994/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mountain Grove R-III is $71k/year.

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What industries drive the economy in Mountain Grove R-III?

The largest employment sectors in Mountain Grove R-III are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.