The Most Affordable Neighborhoods in Steelville, MO by Home Value

These days, finding an affordable place to live in the Steelville area can be challenging. Home prices in Steelville are now at a median cost of $138,562, lower than the Missouri average of $246,641.

The average cost of rent is $706/mo in Steelville, primarily driven by the current value of real estate in the Steelville area. In Steelville, 40.24% of households rent, and 33.17% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Steelville is $4,516 per month. Households that rent pay about 15.64% of their income on rent here. Steelville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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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