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

 

Shannon County, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Shannon County area can be challenging. Home prices in Shannon County are now at a median cost of $130,277, lower than the Missouri average of $194,908.

The average cost of rent is $647/mo in Shannon County, primarily driven by the current value of real estate in the Shannon County area. While nearly 57.96% of residents own their homes outright in Shannon County, 18.13% rent.

Housing affordability isn’t just about home prices, though. The average household income in Shannon County is $3,728 per month. Households that rent pay about 17.36% of their income on rent here. Shannon County's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the county.


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