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Raymore-Peculiar R-II

Learn about the people, housing, costs and businesses in Raymore-Peculiar R-II, Missouri

Median Home$338,139
Median Rent$1,484/month
Population42,450
Leading IndustriesFinance & Insurance · Education · Information & Media6% finance & insurance
Home Value Growth⬆⬆+13.3% over 2 years
Young Adults23% of residents
Homeowners80% of occupied units
NotableHigh Incomes$102k/year · top 13% nationally
NotableVeteran Community9% of residents · top 15% nationally
Raymore-Peculiar R-II
MO

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Frequently Asked Questions

What are today's mortgage rates in Raymore-Peculiar R-II?

As of today, the 30-year fixed mortgage rate for Raymore-Peculiar R-II is approximately 6.923% (6.960% 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-Peculiar R-II?

The median home value in Raymore-Peculiar R-II is $338k. The median monthly rent is $1,484. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Raymore-Peculiar R-II?

Home values in Raymore-Peculiar R-II have increased 13.3% 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 Raymore-Peculiar R-II?

Based on a typical all-in ownership cost of $1,492/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raymore-Peculiar R-II is $102k/year.

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What industries drive the economy in Raymore-Peculiar R-II?

The largest employment sectors in Raymore-Peculiar R-II are public administration (22%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.