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Affordable
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These days, finding an affordable place to live in the Cato area can be challenging. Home prices in Cato are now at a median cost of $185,754, lower than the Missouri average of $246,641.
The average cost of rent is $785/mo in Cato, primarily driven by the current value of real estate in the Cato area. In Cato, 13.71% of households rent, and 48.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cato is $5,303 per month. Households that rent pay about 14.80% of their income on rent here. Cato’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hailey, MO: equally priced homes
- Jenkins, MO: higher priced homes
- Mineral Spring, MO: less expensive homes
- Wheelerville, MO: higher priced homes
- Leann, MO: higher priced homes
- Cape Fair, MO: higher priced homes
- Star City, MO: less expensive homes
- McCord Bend, MO: higher priced homes
- Scholten, MO: higher priced homes
- Madry, MO: higher priced homes
Cities with Similar Populations
- Kimages, VA: higher priced homes
- Pocopson, PA: higher priced homes
- Union Hill, IL: equally priced homes
- Pleasant Valley, KY: less expensive homes
- Kaltag, AK: less expensive homes
- Kaseville, PA: higher priced homes
- Ulen, IN: higher priced homes
- Springton, WV: equally priced homes
- Tyson, MS: less expensive homes
- Pleasant Hill, OK: less expensive homes
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