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Shrewsbury

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

Median Home$269,529
Median Rent$1,199/month
Population6,322
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth+8.6% over 2 years
Retirees25% of residentsabove average nationally
Homeowners64% of occupied units
NotableHighly Educated30% bachelor's · 17% graduate · top 9% nationally
NotableAmenity Score72/100 · highly walkable area
Shrewsbury
MO

Frequently Asked Questions

What are today's mortgage rates in Shrewsbury?

As of today, the 30-year fixed mortgage rate for Shrewsbury is approximately 6.851% (6.886% 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 Shrewsbury?

The median home value in Shrewsbury is $270k. The median monthly rent is $1,199. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shrewsbury?

Home values in Shrewsbury have increased 8.6% 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 Shrewsbury?

Based on a typical all-in ownership cost of $1,337/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shrewsbury is $90k/year.

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What industries drive the economy in Shrewsbury?

The largest employment sectors in Shrewsbury are public administration (26%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.