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Affordable
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These days, finding an affordable place to live in the Novelty area can be challenging. Home prices in Novelty are now at a median cost of $106,900, lower than the Missouri average of $246,641.
The average cost of rent is $681/mo in Novelty, primarily driven by the current value of real estate in the Novelty area. In Novelty, 8.55% of households rent, and 58.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Novelty is $5,508 per month. Households that rent pay about 12.36% of their income on rent here. Novelty’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
- Locust Hill, MO: equally priced homes
- Hedge City, MO: higher priced homes
- Leonard, MO: less expensive homes
- Plevna, MO: equally priced homes
- Edina, MO: equally priced homes
- Hurdland, MO: less expensive homes
- Redman, MO: higher priced homes
- Newark, MO: equally priced homes
- Knox City, MO: higher priced homes
- Gibbs, MO: equally priced homes
Cities with Similar Populations
- York, WI: higher priced homes
- Brinsmade, ND: equally priced homes
- Brewersville, AL: less expensive homes
- Breeden, WV: less expensive homes
- Breaks, VA: less expensive homes
- Brave, PA: higher priced homes
- Brant Lake, SD: higher priced homes
- Boyer, MS: equally priced homes
- Boyds, WA: higher priced homes
- Bowersville, PA: higher priced homes
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