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Strain-Japan R-XVI

Learn about the people, housing, costs and businesses in Strain-Japan R-XVI, Missouri

Median Home$342,206
Median Rent$1,016/month
Population4,189
Leading IndustriesRetail · Healthcare · Arts, Food & Hospitality15% retail
Home Value Growth+2.8% over 2 years
Retirees20% of residentsnear the national average
Homeowners92% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
Strain-Japan R-XVI
MO

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Frequently Asked Questions

What are today's mortgage rates in Strain-Japan R-XVI?

As of today, the 30-year fixed mortgage rate for Strain-Japan R-XVI is approximately 6.958% (6.996% 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 Strain-Japan R-XVI
What is the median home price in Strain-Japan R-XVI?

The median home value in Strain-Japan R-XVI is $342k. The median monthly rent is $1,016. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Strain-Japan R-XVI?

Home values in Strain-Japan R-XVI have increased 2.8% over the past two years. The market has been relatively stable. 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 Strain-Japan R-XVI?

Based on a typical all-in ownership cost of $1,228/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Strain-Japan R-XVI is $97k/year.

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What industries drive the economy in Strain-Japan R-XVI?

The largest employment sectors in Strain-Japan R-XVI are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.