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These days, finding an affordable place to live in the Drexel area can be challenging. Home prices in Drexel are now at a median cost of $193,806, lower than the Missouri average of $246,641.
The average cost of rent is $908/mo in Drexel, primarily driven by the current value of real estate in the Drexel area. In Drexel, 26.58% of households rent, and 47.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drexel is $5,389 per month. Households that rent pay about 16.85% of their income on rent here. Drexel’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Merwin, MO: equally priced homes
- Lisle, MO: higher priced homes
- Main City, MO: higher priced homes
- Burdett, MO: equally priced homes
- Everett, MO: higher priced homes
- Linn Valley, KS: equally priced homes
- Amsterdam, MO: equally priced homes
- Louisburg, KS: higher priced homes
- West Line, MO: higher priced homes
- Freeman, MO: higher priced homes
Cities with Similar Populations
- Olivebridge, NY: higher priced homes
- Moulton, TX: higher priced homes
- Mount Eden, KY: higher priced homes
- Munday, TX: less expensive homes
- Nathrop, CO: higher priced homes
- New Market, IN: higher priced homes
- Oakwood, TX: less expensive homes
- Odessa, NY: less expensive homes
- Ogden, IL: equally priced homes
- Morris, NY: less expensive homes
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