Best Places To Buy A House In Missouri For 2020


Using science and data, we can tell you which places in Missouri have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2020.

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There's a the age old question everyone thinks about when they decide to move to a city in Missouri:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Missouri, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Show Me State.

To do that we are going to look at places in Missouri that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Missouri at the moment? That would be Peculiar according to our analysis.

Here's a look at the top ten places to buy a home in missouri for 2020:

  1. Peculiar (Homes For Sale)
  2. Savannah (Photos | Homes For Sale)
  3. Odessa (Homes For Sale)
  4. Waynesville (Homes For Sale)
  5. Macon (Photos | Homes For Sale)
  6. Willard (Homes For Sale)
  7. Bowling Green (Homes For Sale)
  8. Weldon Spring (Photos | Homes For Sale)
  9. Richmond (Photos | Homes For Sale)
  10. Charleston (Photos | Homes For Sale)

What's the best place to buy a home in Missouri for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in missouri and, for those of you on a budget, the cheapest places to live in missouri.

For more Missouri reading, check out:

The 10 Best Cities To Buy A House In Missouri For 2020

Overall SnackAbility

8
/10

Population: 5,006
Median Home Price: $145,100
Population Change: 2.1%
Home Price Change: 1.5%
More on Peculiar: Homes For Sale | Data

Savannah, MO

Overall SnackAbility

5
/10

Population: 5,124
Median Home Price: $110,200
Population Change: 0.3%
Home Price Change: -1.9%
More on Savannah: PhotosHomes For Sale | Data

Savannah was founded in 1841. The city was named after Savannah Woods, the child of a first settler. A post office called Savannah has been in operation since 1841.

Odessa, MO

Overall SnackAbility

5
/10

Population: 5,189
Median Home Price: $133,000
Population Change: -0.2%
Home Price Change: 8.7%
More on Odessa: Homes For Sale | Data

Odessa was platted in 1878, and named after Odessa, in Ukraine. A post office called Odessa has been in operation since 1879.

Overall SnackAbility

6
/10

Population: 5,262
Median Home Price: $161,600
Population Change: -0.5%
Home Price Change: 3.1%
More on Waynesville: Homes For Sale | Data

Waynesville was platted in 1839. The city was named for Anthony Wayne. The post office in Waynesville has been in operation since 1834.

Macon, MO

Overall SnackAbility

5
/10

Population: 5,379
Median Home Price: $93,600
Population Change: -0.6%
Home Price Change: 3.8%
More on Macon: PhotosHomes For Sale | Data

Macon was platted in 1856. Like the county, Macon was named for Nathaniel Macon. A post office called Macon City was established in 1856, and the name was changed to Macon in 1892.

Overall SnackAbility

5
/10

Population: 5,453
Median Home Price: $126,800
Population Change: 0.5%
Home Price Change: -2.1%
More on Willard: Homes For Sale | Data

Willard's main east-west road, U.S. 160, is known as Olympian Boulevard because two graduates of Willard High School have participated in the Olympics. Although the town remains relatively small in size, the city of Willard has shown considerable growth in recent years.

Overall SnackAbility

5
/10

Population: 5,501
Median Home Price: $84,600
Population Change: 0.4%
Home Price Change: 3.0%
More on Bowling Green: Homes For Sale | Data

Bowling Green was settled in 1819, and designated county seat in 1824. Settled chiefly by immigrants from Kentucky and Virginia, it was named after Bowling Green, Kentucky.

Weldon Spring, MO

Source: Public domain
Overall SnackAbility

6
/10

Population: 5,545
Median Home Price: $383,900
Population Change: 0.2%
Home Price Change: 9.5%
More on Weldon Spring: PhotosHomes For Sale | Data

Weldon Spring was platted in 1864. The community took its name from a spring of the same name near the original town site. A post office called Weldon Spring was established in 1875, and remained in operation until 1957.

Richmond, MO

Overall SnackAbility

5
/10

Population: 5,606
Median Home Price: $93,900
Population Change: -0.1%
Home Price Change: -0.9%
More on Richmond: PhotosHomes For Sale | Data

Richmond was platted in 1828. The community was named after Richmond, Virginia. A post office called Richmond has been in operation since 1828.

Charleston, MO

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,704
Median Home Price: $67,600
Population Change: -1.1%
Home Price Change: 9.4%
More on Charleston: PhotosHomes For Sale | Data

Charleston is the biggest town on the Missouri side near the confluence of the Mississippi River and Ohio River at Bird's Point, Missouri. Its history has been tied to traffic on the rivers.

How do you determine the best places to buy a home in missouri for 2020?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Missouri. Put differently, the analysis will try to find places in Missouri with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Missouri with the following caveats:

So of the 0 cities and towns in Missouri, only 129 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 129 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Peculiar is the best potential gem in the not-so-rough in the Show Me State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In missouri for 2020

There's our analysis of the best places to buy a house in Missouri. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more missouri reading, check out:

Detailed List Of The Best Places To Buy A Home In Missouri

City Rank Median Home Price Population Change Home Price Increase
Peculiar 1 $145,100 2.1% 1.5%
Savannah 2 $110,200 0.3% -1.9%
Odessa 3 $133,000 -0.2% 8.7%
Waynesville 4 $161,600 -0.5% 3.1%
Macon 5 $93,600 -0.6% 3.8%
Willard 6 $126,800 0.5% -2.1%
Bowling Green 7 $84,600 0.4% 3.0%
Weldon Spring 8 $383,900 0.2% 9.5%
Richmond 9 $93,900 -0.1% -0.9%
Charleston 10 $67,600 -1.1% 9.4%
Caruthersville 11 $80,100 -1.7% 3.6%
St. Robert 12 $172,400 1.9% -7.7%
Pevely 13 $126,100 1.1% 1.0%
Trenton 14 $87,300 -1.2% 3.9%
Glendale 15 $385,700 -0.5% 6.3%
Greenwood 16 $161,400 5.6% 7.2%
Battlefield 17 $154,400 2.0% 4.7%
Shrewsbury 18 $170,600 -0.2% 4.4%
Pacific 19 $141,900 0.6% 2.7%
De Soto 20 $108,500 -0.1% 5.0%
St. John 21 $77,900 0.1% -2.4%
Sullivan 22 $105,500 -1.4% 0.9%
Parkville 23 $385,100 3.1% 7.4%
Valley Park 24 $173,900 -1.5% 0.8%
Black Jack 25 $128,200 0.0% 3.3%
Bonne Terre 26 $88,300 -0.4% 9.6%
Marshfield 27 $111,200 2.1% 4.5%
Aurora 28 $80,500 0.1% 3.1%
Olivette 29 $311,400 0.1% 6.0%
Dexter 30 $89,700 -0.0% 7.8%
Carl Junction 31 $142,100 3.5% 4.0%
Oak Grove 32 $124,200 1.1% 2.8%
Maplewood 33 $181,100 0.4% 8.3%
Brentwood 34 $222,200 -0.0% 4.2%
Warrenton 35 $120,500 0.5% 1.3%
Nevada 36 $70,700 0.0% -2.5%
Perryville 37 $123,000 0.4% 5.5%
Boonville 38 $114,000 0.3% 1.4%
Pleasant Hill 39 $162,700 1.2% 4.8%
Richmond Heights 40 $247,500 -0.1% 1.2%
Sunset Hills 41 $375,800 -0.3% 2.7%
Des Peres 42 $425,100 0.4% 5.0%
Park Hills 43 $70,800 -0.3% -6.1%
Ladue 44 $835,300 -0.1% 4.6%
Monett 45 $100,000 0.6% -1.3%
Berkeley 46 $64,700 -0.3% 1.6%
Clinton 47 $92,700 0.2% 6.4%
Chillicothe 48 $87,300 -0.0% -1.1%
Smithville 49 $181,200 2.9% 2.8%
Ellisville 50 $238,400 1.2% 3.3%
Cameron 51 $104,400 -2.4% -4.4%
Kearney 52 $175,400 3.3% 5.9%
Harrisonville 53 $134,100 -0.0% 1.1%
Kennett 54 $91,100 -0.4% -3.2%
Eureka 55 $270,600 0.2% 9.3%
Bellefontaine Neighbors 56 $63,600 -1.3% -4.1%
Bolivar 57 $113,100 1.0% -1.0%
Town And Country 58 $726,600 0.3% 4.8%
Union 59 $143,900 2.1% 1.3%
Branson 60 $152,000 1.0% -2.9%
Mexico 61 $94,800 0.1% 1.5%
Webb City 62 $102,400 3.8% 0.2%
Excelsior Springs 63 $125,800 0.2% 7.6%
Bridgeton 64 $161,700 -0.2% 1.1%
Troy 65 $141,000 2.3% 1.1%
Maryville 66 $134,000 -0.7% 1.7%
Crestwood 67 $195,800 -0.3% 2.8%
Festus 68 $126,700 0.5% 0.5%
Neosho 69 $91,800 0.2% -1.1%
West Plains 70 $93,700 0.0% -1.0%
Fulton 71 $123,300 -0.1% 5.5%
St. Ann 72 $87,800 -0.1% 0.9%
Marshall 73 $104,200 1.1% 5.4%
Dardenne Prairie 74 $283,400 1.6% 2.3%
Grain Valley 75 $165,500 1.7% 2.7%
Moberly 76 $93,000 -0.1% 16.5%
Washington 77 $165,600 0.2% 2.6%
Lebanon 78 $97,800 0.2% -0.1%
Carthage 79 $89,800 2.9% 3.0%
Jennings 80 $65,600 0.3% 0.9%
Jackson 81 $160,400 0.9% 0.9%
Lake St. Louis 82 $268,500 1.8% 4.7%
Overland 83 $87,000 -0.7% -1.6%
Republic 84 $128,000 1.0% 3.6%
Sikeston 85 $118,000 -0.7% 6.8%
Clayton 86 $630,400 1.4% 6.7%
Poplar Bluff 87 $101,900 -0.0% 6.5%
Kirksville 88 $106,900 -0.2% -1.3%
Hannibal 89 $103,000 0.1% 8.1%
Manchester 90 $224,900 0.3% 2.6%
Farmington 91 $128,800 1.2% 4.5%
Creve Coeur 92 $399,400 1.0% 10.0%
Ozark 93 $148,900 1.7% 4.3%
Warrensburg 94 $151,100 0.7% 0.2%
Rolla 95 $125,100 0.5% -2.1%
Raymore 96 $194,000 1.9% 3.5%
Ferguson 97 $81,600 0.0% -2.9%
Arnold 98 $153,300 0.0% 3.1%
Nixa 99 $148,000 1.7% 4.6%
Sedalia 100 $91,000 0.8% 3.6%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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