The Most Affordable Neighborhoods in Mill Spring, MO by Home Value

These days, finding an affordable place to live in the Mill Spring area can be challenging. Home prices in Mill Spring are now at a median cost of $87,573, lower than the Missouri average of $246,641.

The average cost of rent is $558/mo in Mill Spring, primarily driven by the current value of real estate in the Mill Spring area. In Mill Spring, 27.71% of households rent, and 60.42% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mill Spring is $4,379 per month. Households that rent pay about 12.74% of their income on rent here. Mill Spring’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.

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