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Shakertowne

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

Median Home$195,224
Median Rent$775/month
Population571
Leading IndustriesTransportation · Information & Media · Retail6% transportation
Home Value Growth⬆⬆⬆+33.8% over 2 years
Young Adults24% of residents
Homeowners78% of occupied units
Shakertowne
MO

Frequently Asked Questions

What are today's mortgage rates in Shakertowne?

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

The median home value in Shakertowne is $195k. The median monthly rent is $775. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shakertowne?

Home values in Shakertowne have increased 33.8% 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 Shakertowne?

Based on a typical all-in ownership cost of $787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shakertowne is $68k/year.

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What industries drive the economy in Shakertowne?

The largest employment sectors in Shakertowne are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.