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New Wells

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

Median Home$246,800
Median Rent$859/month
Population42
Leading IndustriesTransportation · Construction6% transportation
Home Value Growth⬆⬆+16.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
NotableHigh Incomes$86k/year · top 29% nationally
New Wells
MO

Frequently Asked Questions

What are today's mortgage rates in New Wells?

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

The median home value in New Wells is $247k. The median monthly rent is $859. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Wells?

Home values in New Wells have increased 16.3% 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 New Wells?

Based on a typical all-in ownership cost of $861/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Wells is $86k/year.

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What industries drive the economy in New Wells?

The largest employment sectors in New Wells are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.