Quick facts: Mountain grove, MO

Quick Facts

94.1
Cost of Living
below US average
4,551
Population
24.39
Crime Rate per 1000
above US average
$38,103
Median Income
below US average
$229,000
Median House Price
above US average
$970.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.5%
Unemployment Rate
above 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 $38,103.

🏠

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 $38,103
🏒

Income Needed to Rent

⚠ Stretch
$42k/year
Based on $970.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $42k vs median $38,103
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mountain grove, MO

Mountain Grove is a charming small city situated in the southwestern part of Missouri, primarily known for its scenic beauty and tight-knit community. Nestled within the Ozark Mountains, this city, with a population of around 4,500 residents, offers a mix of rural charm and modern amenities. The area is rich in outdoor activities, boasting access to hiking, fishing, and camping opportunities in nearby parks such as the Mark Twain National Forest. Mountain Grove is also known for its local agriculture, particularly its apple orchards and community farms, which contribute to its vibrant local economy. The city features a range of family-owned shops, restaurants, and community events that foster a strong sense of belonging among residents. The Mountain Grove School District serves the educational needs of the area, emphasizing community involvement and student achievement. With its friendly atmosphere, picturesque landscape, and rich agricultural heritage, Mountain Grove serves as a delightful destination for those seeking a quieter lifestyle in the heart of Missouri's Ozarks.

πŸ” Search & Compare Places

First Location πŸ“