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Salisbury R-IV

Learn about the people, housing, costs and businesses in Salisbury R-IV, Missouri

Median Home$176,293
Median Rent$702/month
Population3,459
Leading IndustriesTransportation · Information & Media · Finance & Insurance5% transportation
Home Value Growth-0.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners87% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
NotableAffordable Market$176k median home · lower cost than 71% of the country
Salisbury R-IV
MO

Frequently Asked Questions

What are today's mortgage rates in Salisbury R-IV?

As of today, the 30-year fixed mortgage rate for Salisbury R-IV is approximately 6.969% (7.008% 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 Salisbury R-IV
What is the median home price in Salisbury R-IV?

The median home value in Salisbury R-IV is $176k. The median monthly rent is $702. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salisbury R-IV?

Home values in Salisbury R-IV have decreased 0.7% over the past two years. Buyers may find more negotiating room in this market. 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 Salisbury R-IV?

Based on a typical all-in ownership cost of $698/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salisbury R-IV is $73k/year.

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What industries drive the economy in Salisbury R-IV?

The largest employment sectors in Salisbury R-IV are public administration (28%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.