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Affordable
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These days, finding an affordable place to live in the Anderson area can be challenging. Home prices in Anderson are now at a median cost of $165,871, lower than the Missouri average of $246,641.
The average cost of rent is $822/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. In Anderson, 35.64% of households rent, and 49.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anderson is $4,706 per month. Households that rent pay about 17.48% of their income on rent here. Anderson’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bosky Dell, MO: less expensive homes
- Lanagan, MO: less expensive homes
- Tiff City, MO: higher priced homes
- Ginger Blue, MO: less expensive homes
- Coy, MO: equally priced homes
- Havenhurst, MO: higher priced homes
- Goodman, MO: equally priced homes
- Noel, MO: less expensive homes
- May, MO: equally priced homes
- Spring Valley, MO: less expensive homes
Cities with Similar Populations
- West Lake Hills, TX: higher priced homes
- Sour Lake, TX: higher priced homes
- Worden, IL: higher priced homes
- Russiaville, IN: higher priced homes
- Shingletown, CA: higher priced homes
- Shelby, AL: higher priced homes
- Tazewell, VA: less expensive homes
- Shady Cove, OR: higher priced homes
- Tohatchi, NM: less expensive homes
- Pound, VA: less expensive homes
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