Quick facts: Noel, MO

Quick Facts

94.1
Cost of Living
below US average
2,148
Population
9.31
Crime Rate per 1000
below US average
$42,292
Median Income
below US average
$225,000
Median House Price
above US average
$1340
Average Rent
below US average
15%
Poverty Rate
above 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 $42,292.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $42,292
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $42,292
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Noel, MO

Noel, Missouri, is a small town located in the Ozark region of the state, primarily in McDonald County. Known for its scenic beauty, Noel is nestled along the banks of the Elk River, making it a popular spot for fishing, kayaking, and outdoor activities. The town has a rich history, with a charming downtown area featuring local shops and eateries that reflect its quaint, rural character. Noel serves as a gateway to numerous natural attractions, including the nearby Mark Twain National Forest, where visitors can explore hiking trails and witness the area's diverse wildlife. The town hosts various community events throughout the year, fostering a close-knit community spirit. With a population under 2,000, Noel maintains a small-town feel, and residents enjoy a slower pace of life. Its proximity to larger cities, like Joplin and Bentonville, provides easy access to urban amenities while retaining the charm of rural living. Overall, Noel offers a peaceful and picturesque escape for those wishing to experience the beauty of Missouri's Ozarks.

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