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Steelville

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

Median Home$173,586
Median Rent$651/month
Population1,586
Leading IndustriesRetail · Construction · Agriculture & Mining24% retail
Home Value Growth⬆⬆+17.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners59% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Steelville
MO

Frequently Asked Questions

What are today's mortgage rates in Steelville?

As of today, the 30-year fixed mortgage rate for Steelville is approximately 6.963% (7.005% 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 Steelville?

The median home value in Steelville is $174k. The median monthly rent is $651. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steelville?

Home values in Steelville have increased 17.6% 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 Steelville?

Based on a typical all-in ownership cost of $793/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 Steelville is $49k/year.

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What industries drive the economy in Steelville?

The largest employment sectors in Steelville are retail (24%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.