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Rea

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

Median Home$227,300
Median Rent$916/month
Population44
Leading IndustriesWholesale Trade · Public Administration · Construction15% wholesale trade
Home Value Growth+7.6% over 2 years
Retirees28% of residentswell above average
Homeowners88% of occupied units
Rea
MO

Frequently Asked Questions

What are today's mortgage rates in Rea?

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

The median home value in Rea is $227k. The median monthly rent is $916. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rea?

Home values in Rea have increased 7.6% over the past two years. This represents moderate growth. 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 Rea?

Based on a typical all-in ownership cost of $869/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 Rea is $79k/year.

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What industries drive the economy in Rea?

The largest employment sectors in Rea are public administration (29%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.