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Skidmore

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

Median Home$167,300
Median Rent$780/month
Population220
Leading IndustriesTransportation · Finance & Insurance · Manufacturing8% transportation
Home Value Growth⬆⬆⬆+49.4% over 2 years
Young Adults29% of residentsslightly above average
Homeowners76% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAffordable Market$167k median home · lower cost than 66% of the country
Skidmore
MO

Frequently Asked Questions

What are today's mortgage rates in Skidmore?

As of today, the 30-year fixed mortgage rate for Skidmore is approximately 6.997% (7.040% 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 Skidmore?

The median home value in Skidmore is $167k. The median monthly rent is $780. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Skidmore?

Home values in Skidmore have increased 49.4% 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 Skidmore?

Based on a typical all-in ownership cost of $625/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Skidmore is $73k/year.

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What industries drive the economy in Skidmore?

The largest employment sectors in Skidmore are public administration (29%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.