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Steelville R-III

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

Median Home$155,070
Median Rent$752/month
Population6,097
Leading IndustriesPublic Administration · Manufacturing · Finance & Insurance29% public administration
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners67% of occupied units
NotableAffordable Market$155k median home · lower cost than 82% of the country
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Steelville R-III
MO

Frequently Asked Questions

What are today's mortgage rates in Steelville R-III?

As of today, the 30-year fixed mortgage rate for Steelville R-III 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.

View current rates for Steelville R-III
What is the median home price in Steelville R-III?

The median home value in Steelville R-III is $155k. The median monthly rent is $752. Annual property taxes average $913. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steelville R-III?

Home values in Steelville R-III have increased 16.8% 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 R-III?

Based on a typical all-in ownership cost of $763/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Steelville R-III is $55k/year.

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What industries drive the economy in Steelville R-III?

The largest employment sectors in Steelville R-III are public administration (29%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.