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Affordable
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These days, finding an affordable place to live in the Drake area can be challenging. Home prices in Drake are now at a median cost of $190,354, lower than the Missouri average of $246,641.
The average cost of rent is $813/mo in Drake, primarily driven by the current value of real estate in the Drake area. In Drake, 14.21% of households rent, and 46.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $6,530 per month. Households that rent pay about 12.45% of their income on rent here. Drake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rosebud, MO: higher priced homes
- Old Woollam, MO: equally priced homes
- Swiss, MO: equally priced homes
- Stony Hill, MO: higher priced homes
- Gerald, MO: higher priced homes
- Owensville, MO: equally priced homes
- Tea, MO: higher priced homes
- Detmold, MO: higher priced homes
- Pershing, MO: less expensive homes
- Cooper Hill, MO: equally priced homes
Cities with Similar Populations
- Eden, SD: less expensive homes
- Dalby Springs, TX: less expensive homes
- Dale, NY: less expensive homes
- Dalies, NM: higher priced homes
- Deerbrook, MS: less expensive homes
- Deerfield, MO: less expensive homes
- DeGray, AR: higher priced homes
- DeLamere, ND: less expensive homes
- Delaware, VA: less expensive homes
- Dellrose, TN: higher priced homes
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