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Potosi R-III

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

Median Home$220,969
Median Rent$1,195/month
Population48,006
Leading IndustriesEducation · Arts, Food & Hospitality · Manufacturing4% education
Home Value Growth⬆⬆+12.4% over 2 years
Retirees22% of residentsslightly above average
Homeowners72% of occupied units
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Potosi R-III
MO

Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Potosi R-III is approximately 6.949% (6.987% 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 Potosi R-III
What is the median home price in Potosi R-III?

The median home value in Potosi R-III is $221k. The median monthly rent is $1,195. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Potosi R-III?

Home values in Potosi R-III have increased 12.4% 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 Potosi R-III?

Based on a typical all-in ownership cost of $1,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Potosi R-III is $74k/year.

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What industries drive the economy in Potosi R-III?

The largest employment sectors in Potosi R-III are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.