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Affordable
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These days, finding an affordable place to live in the Rensselaer area can be challenging. Home prices in Rensselaer are now at a median cost of $183,143, lower than the Missouri average of $246,641.
The average cost of rent is $758/mo in Rensselaer, primarily driven by the current value of real estate in the Rensselaer area. In Rensselaer, 8.48% of households rent, and 57.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rensselaer is $6,062 per month. Households that rent pay about 12.50% of their income on rent here. Rensselaer’s most expensive areas are in the northeastern 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
- Withers Mill, MO: higher priced homes
- West Ely, MO: higher priced homes
- Spalding, MO: less expensive homes
- Ralls, MO: higher priced homes
- Woodland, MO: higher priced homes
- Hassard, MO: equally priced homes
- Hannibal, MO: less expensive homes
- Palmyra, MO: higher priced homes
- Oakwood, MO: less expensive homes
- New London, MO: less expensive homes
Cities with Similar Populations
- Maxeys, GA: higher priced homes
- Mansfield, NC: higher priced homes
- Maples, IN: equally priced homes
- Marilee, TX: higher priced homes
- Adamsville, TX: higher priced homes
- Marston, MO: less expensive homes
- Martinsville, MS: less expensive homes
- Marvels Crossroads, DE: higher priced homes
- Mattoon, KY: equally priced homes
- Mangohick, VA: higher priced homes
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