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Raymore

Learn about the people, housing, costs and businesses in Raymore, Missouri

Median Home$351,336
Median Rent$1,625/month
Population23,948
Leading IndustriesProfessional Services · Finance & Insurance · Education2% professional services
Home Value Growth⬆⬆+14.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners79% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$104k/year · top 15% nationally
Raymore
MO

Frequently Asked Questions

What are today's mortgage rates in Raymore?

As of today, the 30-year fixed mortgage rate for Raymore is approximately 6.917% (6.954% 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 Raymore?

The median home value in Raymore is $351k. The median monthly rent is $1,625. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Raymore?

Home values in Raymore have increased 14.0% 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 Raymore?

Based on a typical all-in ownership cost of $1,601/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raymore is $104k/year.

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What industries drive the economy in Raymore?

The largest employment sectors in Raymore are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.