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These days, finding an affordable place to live in the New Wells area can be challenging. Home prices in New Wells are now at a median cost of $196,828, lower than the Missouri average of $246,641.
The average cost of rent is $845/mo in New Wells, primarily driven by the current value of real estate in the New Wells area. In New Wells, 9.10% of households rent, and 49.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Wells is $6,478 per month. Households that rent pay about 13.05% of their income on rent here. New Wells’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pocahontas, MO: higher priced homes
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- Uniontown, MO: less expensive homes
- Oriole, MO: higher priced homes
- Grand Tower, IL: less expensive homes
- Wolf Lake, IL: less expensive homes
- Frohna, MO: equally priced homes
- Old Appleton, MO: equally priced homes
Cities with Similar Populations
- Gaddy, OK: equally priced homes
- Turkville, KS: higher priced homes
- Turkey Ridge, SD: higher priced homes
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- Tulip, TX: higher priced homes
- Troy, OK: less expensive homes
- Trojan, SD: higher priced homes
- Golo, KY: less expensive homes
- Goering, KY: less expensive homes
- Glendale, MN: less expensive homes
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