The Most Affordable Neighborhoods in New Madrid County, MO by Home Value

These days, finding an affordable place to live in the New Madrid County area can be challenging. Home prices in New Madrid County are now at a median cost of $123,722, lower than the Missouri average of $246,641.

The average cost of rent is $737/mo in New Madrid County, primarily driven by the current value of real estate in the New Madrid County area. In New Madrid County, 35.77% of households rent, and 55.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Madrid County is $4,658 per month. Households that rent pay about 15.83% of their income on rent here. New Madrid County’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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