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Thornfield R-I

Learn about the people, housing, costs and businesses in Thornfield R-I, Missouri

Median Home$172,214
Median Rent$571/month
Population1,170
Leading IndustriesWholesale Trade · Agriculture & Mining · Construction10% wholesale trade
Home Value Growth⬆⬆+12.3% over 2 years
Retirees25% of residentswell above average
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 5% nationally
NotableAffordable Market$172k median home · lower cost than 88% of the country
Thornfield R-I
MO

Frequently Asked Questions

What are today's mortgage rates in Thornfield R-I?

As of today, the 30-year fixed mortgage rate for Thornfield R-I is approximately 7.057% (7.098% 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 Thornfield R-I
What is the median home price in Thornfield R-I?

The median home value in Thornfield R-I is $172k. The median monthly rent is $571. Annual property taxes average $919. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thornfield R-I?

Home values in Thornfield R-I have increased 12.3% 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 Thornfield R-I?

Based on a typical all-in ownership cost of $577/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thornfield R-I is $44k/year.

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What industries drive the economy in Thornfield R-I?

The largest employment sectors in Thornfield R-I are public administration (24%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.