The Most Affordable Neighborhoods in Bates City, MO by Home Value

 

Bates City, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bates City area can be challenging. Home prices in Bates City are now at a median cost of $369,429, higher than the Missouri average of $246,641.

The average cost of rent is $988/mo in Bates City, primarily driven by the current value of real estate in the Bates City area. In Bates City, 12.30% of households rent, and 43.17% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Bates City is $8,422 per month. Households that rent pay about 11.73% of their income on rent here. Bates City’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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