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New Florence

Learn about the people, housing, costs and businesses in New Florence, Missouri

Median Home$208,300
Median Rent$858/month
Population594
Leading IndustriesConstruction · Public Administration · Agriculture & Mining5% construction
Home Value Growth⬆⬆⬆+23.7% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners77% of occupied units
New Florence
MO

Frequently Asked Questions

What are today's mortgage rates in New Florence?

As of today, the 30-year fixed mortgage rate for New Florence is approximately 6.913% (6.950% 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 New Florence?

The median home value in New Florence is $208k. The median monthly rent is $858. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Florence?

Home values in New Florence have increased 23.7% 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 New Florence?

Based on a typical all-in ownership cost of $659/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Florence is $71k/year.

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What industries drive the economy in New Florence?

The largest employment sectors in New Florence are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.