The Most Affordable Neighborhoods in Mount Sterling, MO by Home Value

 

Mount Sterling, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mount Sterling area can be challenging. Home prices in Mount Sterling are now at a median cost of $183,037, lower than the Missouri average of $246,641.

The average cost of rent is $618/mo in Mount Sterling, primarily driven by the current value of real estate in the Mount Sterling area. In Mount Sterling, 15.20% of households rent, and 51.67% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Sterling is $7,081 per month. Households that rent pay about 8.73% of their income on rent here. Mount Sterling’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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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