Real Estate in Mountain grove, MO
Updated 2026 • Housing market data from 3 zip codes
🏘️ Mountain grove Rental Market
The average rent in Mountain grove, MO is $970 per month. A 2-bedroom apartment rents for approximately $750/month, while a 3-bedroom home averages $1,350/month.
📋 Housing Overview
Mountain grove, MO Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 235000, the balance between renting (23%) and owning (77%), and a population of 4551 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $235,000 and average rents of $970/month, the median household income of $38,103 provides context for affordability in Mountain grove. A 2-bedroom apartment rents for approximately $750/month, while a 3-bedroom house averages $1,350/month.
Economy & What Drives Mountain grove Real Estate
Real estate values in Mountain grove, MO are driven by local employment, school quality, and quality of life. The cost of living index of 63.3 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $38,103, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Mountain grove neighborhoods.
Pros & Cons
Pros
- •Beautiful natural scenery
- •Friendly community atmosphere
- •Low crime rates
- •Access to outdoor activities
- •Family-friendly environment
- •Supportive local businesses
- •Close-knit neighborhoods
- •Quiet, small-town feel
- •Low cost of living
- •Rich local history
Cons
- •Healthcare options are minimal
- •Limited nightlife options
- •Public transport is lacking
- •Seasonal weather extremes
- •Isolation from larger cities
- •Economic challenges exist
- •Limited cultural activities
- •Diversity issues present
- •Schools have mixed reviews
- •Fewer job opportunities
Frequently Asked Questions
What is the cost of living in Mountain grove, MO? ▼
The cost of living in Mountain grove, MO is 37% lower than the national average, with a cost of living index of 63 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Mountain grove, MO? ▼
In Mountain grove, MO, The median home price is $235,000. requiring approximately $93,214 annual income to afford. Average rent is $970/month (requiring ~$38,800/year income). The local median household income is $38,103, making homeownership challenging for typical residents. Explore Mountain grove real estate data →
Is Mountain grove, MO a safe place to live? ▼
Mountain grove, MO is average in terms of safety, with crime rates near the national average. The crime rate is 24.4 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Mountain grove crime statistics →
What salary do you need to live comfortably in Mountain grove, MO? ▼
To live comfortably in Mountain grove, MO and afford a median-priced home of $235,000, you would typically need a household income of $58,750 to $73,438 per year. The local median household income is $38,103. Renting requires approximately $38,800/year (at $970/month). See full affordability analysis →
Is Mountain grove, MO growing? ▼
Mountain grove, MO has a population of 4,551. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Mountain grove population demographics →
What are the best neighborhoods in Mountain grove, MO? ▼
The best neighborhoods in Mountain grove, MO depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $235,000 is below the national average. Explore Mountain grove on our interactive map →
What is the commute like in Mountain grove, MO? ▼
Commute times in Mountain grove, MO vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Mountain grove, MO? ▼
Tax rates in Mountain grove, MO include state and local components. The cost of living index of 63 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Mountain grove tax information →
How does Mountain grove, MO compare to nearby cities? ▼
Mountain grove, MO offers a more affordable alternative to nearby communities. With a cost of living index of 63, median home prices of $235,000, and a crime rate of 24.39 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Mountain grove, MO? ▼
Weather in Mountain grove, MO varies by season. Climate data varies by season. View detailed Mountain grove climate & environment data →
Is it better to rent or buy in Mountain grove, MO? ▼
With a median home price of $235,000 and average rents of $970/month, the price-to-rent ratio in Mountain grove is 20.2x. This leans toward renting being more cost-effective in the short term, though long-term appreciation may favor buying. See full cost analysis →
Explore More About Mountain grove, MO
📅 Last Updated: February 2026
Sources: U.S. Census Bureau, Zillow, Redfin