Quick facts: Eldon, MO

Quick Facts

94.1
Cost of Living
below US average
4,545
Population
13.42
Crime Rate per 1000
below US average
$44,714
Median Income
below US average
$229,000
Median House Price
above US average
$1019.8
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $44,714.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $44,714
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Income Needed to Rent

βœ“ Affordable
$44k/year
Based on $1019.8/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($44,714) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eldon, MO

Eldon, Missouri, is a small city located in Miller County, known for its friendly community vibe and rich local history. With a population of around 4,600 residents, Eldon boasts a tight-knit atmosphere, making it a great place for families and retirees alike. The city is conveniently situated near the popular Lake of the Ozarks, providing abundant recreational activities, including boating, fishing, and hiking. Eldon has several parks, such as the Eldon Sports Complex and the historic downtown area, blending small-town charm with modern amenities. The city hosts local events and festivals throughout the year, fostering community spirit. Education is a focal point in Eldon, with the Eldon School District offering quality education to its students. Additionally, the community is home to various local shops, restaurants, and businesses, supporting a vibrant local economy. Overall, Eldon is a picturesque small town that offers a peaceful lifestyle with easy access to larger cities and natural attractions, making it an appealing spot for both residents and visitors.

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