The Most Affordable Neighborhoods in Phelps County, MO by Home Value

 

Phelps County, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Phelps County area can be challenging. Home prices in Phelps County are now at a median cost of $162,276, lower than the Missouri average of $194,908.

The average cost of rent is $719/mo in Phelps County, primarily driven by the current value of real estate in the Phelps County area. While nearly 46.54% of residents own their homes outright in Phelps County, 33.86% rent.

Housing affordability isn’t just about home prices, though. The average household income in Phelps County is $4,786 per month. Households that rent pay about 15.03% of their income on rent here. Phelps County's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the county.


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