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These days, finding an affordable place to live in the Fayette area can be challenging. Home prices in Fayette are now at a median cost of $181,514, lower than the Missouri average of $246,641.
The average cost of rent is $905/mo in Fayette, primarily driven by the current value of real estate in the Fayette area. In Fayette, 31.49% of households rent, and 42.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayette is $5,095 per month. Households that rent pay about 17.77% of their income on rent here. Fayette’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
- Steinmetz, MO: higher priced homes
- Armstrong, MO: less expensive homes
- New Franklin, MO: equally priced homes
- Franklin, MO: less expensive homes
- Glasgow, MO: equally priced homes
- Lisbon, MO: less expensive homes
- Woodlandville, MO: higher priced homes
- Overton, MO: higher priced homes
- Roanoke, MO: less expensive homes
- Higbee, MO: less expensive homes
Cities with Similar Populations
- Bridgeport, OH: less expensive homes
- Coudersport, PA: equally priced homes
- Bronson, MI: less expensive homes
- Ellsworth, WI: higher priced homes
- Groton, NY: equally priced homes
- Broadalbin, NY: higher priced homes
- Bristol, VT: higher priced homes
- Bristol, FL: less expensive homes
- Brillion, WI: higher priced homes
- Brielle, NJ: higher priced homes
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