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Versailles

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

Median Home$120,558
Median Rent$505/month
Population2,680
Leading IndustriesRetail · Construction · Agriculture & Mining23% retail
Home Value Growth⬆⬆⬆+84.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners61% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAffordable Market$121k median home · lower cost than 84% of the country
Versailles
MO

Frequently Asked Questions

What are today's mortgage rates in Versailles?

As of today, the 30-year fixed mortgage rate for Versailles is approximately 6.989% (7.032% 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 Versailles?

The median home value in Versailles is $121k. The median monthly rent is $505. Annual property taxes average $613. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Versailles?

Home values in Versailles have increased 84.3% 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 Versailles?

Based on a typical all-in ownership cost of $597/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Versailles is $34k/year.

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What industries drive the economy in Versailles?

The largest employment sectors in Versailles are retail (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.