The Most Affordable Neighborhoods in Hannibal, MO by Home Value

 

Hannibal, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hannibal area can be challenging. Home prices in Hannibal are now at a median cost of $133,907, lower than the Missouri average of $194,908.

The average cost of rent is $684/mo in Hannibal, primarily driven by the current value of real estate in the Hannibal area. While nearly 49.49% of residents own their homes outright in Hannibal, 33.30% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hannibal is $4,812 per month. Households that rent pay about 14.22% of their income on rent here. Hannibal's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.


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