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Slater

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

Median Home$97,749
Median Rent$567/month
Population2,284
Leading IndustriesRetail · Construction · Agriculture & Mining27% retail
Home Value Growth⬆⬆+12.2% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners61% of occupied units
NotableAffordable Market$98k median home · lower cost than 97% of the country
Slater
MO

Frequently Asked Questions

What are today's mortgage rates in Slater?

As of today, the 30-year fixed mortgage rate for Slater is approximately 7.357% (7.409% 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 Slater?

The median home value in Slater is $98k. The median monthly rent is $567. Annual property taxes average $836. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Slater?

Home values in Slater have increased 12.2% 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 Slater?

Based on a typical all-in ownership cost of $721/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Slater is $43k/year.

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What industries drive the economy in Slater?

The largest employment sectors in Slater are retail (27%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.