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Affordable
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These days, finding an affordable place to live in the Matthews area can be challenging. Home prices in Matthews are now at a median cost of $103,443, lower than the Missouri average of $246,641.
The average cost of rent is $754/mo in Matthews, primarily driven by the current value of real estate in the Matthews area. In Matthews, 33.56% of households rent, and 80.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Matthews is $4,026 per month. Households that rent pay about 18.74% of their income on rent here. Matthews’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Delmo, MO: equally priced homes
- Canalou, MO: less expensive homes
- Kewanee, MO: less expensive homes
- La Forge, MO: less expensive homes
- Charter Oak, MO: less expensive homes
- Sikeston, MO: higher priced homes
- Morehouse, MO: less expensive homes
- Whiting, MO: higher priced homes
- Miner, MO: higher priced homes
- Salcedo, MO: higher priced homes
Cities with Similar Populations
- Moody, ME: higher priced homes
- Newark, MD: higher priced homes
- New Milford, IL: higher priced homes
- Neelyville, MO: less expensive homes
- Muncy Valley, PA: higher priced homes
- Mulberry, GA: higher priced homes
- Mortons Gap, KY: equally priced homes
- Moreland, AR: higher priced homes
- Moore Park, MI: higher priced homes
- Niwot, CO: higher priced homes
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