The Most Affordable Neighborhoods in Novinger, MO by Home Value

These days, finding an affordable place to live in the Novinger area can be challenging. Home prices in Novinger are now at a median cost of $114,694, lower than the Missouri average of $246,641.

The average cost of rent is $568/mo in Novinger, primarily driven by the current value of real estate in the Novinger area. In Novinger, 14.37% of households rent, and 68.37% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Novinger is $4,538 per month. Households that rent pay about 12.51% of their income on rent here. Novinger’s most expensive areas are in the southwestern 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.

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