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Steele

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

Median Home$121,600
Median Rent$686/month
Population1,577
Leading IndustriesRetail · Construction · Agriculture & Mining30% retail
Home Value Growth+10.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners58% of occupied units
NotableAffordable Market$122k median home · lower cost than 84% of the country
Steele
MO

Frequently Asked Questions

What are today's mortgage rates in Steele?

As of today, the 30-year fixed mortgage rate for Steele is approximately 6.980% (7.022% 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 Steele?

The median home value in Steele is $122k. The median monthly rent is $686. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steele?

Home values in Steele have increased 10.1% 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 Steele?

Based on a typical all-in ownership cost of $658/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Steele is $56k/year.

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What industries drive the economy in Steele?

The largest employment sectors in Steele are retail (30%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.