Lemay, MO—63125
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lemay, MO
As of Oct '25, the median home price in Lemay, MO is $199,000, with a year-over-year change of 1.0%. This indicates that home prices in Lemay, MO are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 1.0% |
| Single Family | $207,000 | 2.0% |
| Condos | $131,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $93,000 | 1.1% |
2 Bed | $165,000 | 1.2% |
3 Bed | $234,000 | 2.2% |
4 Bed | $291,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lemay, MO
As of July '25, Rentcast reports the average rent in Lemay, MO is $1,340, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Lemay, MO is studios: $1,450, 1-bedrooms: $824, 2-bedrooms: $1,300, 3-bedrooms: $1,570, 4-bedrooms: $1,920. The most common rental property sizes in Lemay, MO are 2-bedroom and 1-bedroom, accounting for 50.3% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,340 |
| Studio Rent | $1,450 | $1,450 |
| 1 Bed Rent | $725 | $824 |
| 2 Bed Rent | $1,200 | $1,300 |
| 3 Bed Rent | $1,500 | $1,570 |
| 4 Bed Rent | $1,920 | $1,920 |
% of Rental Stock
Property Listings — Lemay, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Lemay, MO is 34. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $167,000 | 3.0% |
Listing Count | 127 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 34 | 16.0% |
Demographics — Lemay, MO
As of the latest ACS Survey released in 2023, Lemay, MO has a population of 32,700, which has remained stable by -1.0% over the past 5 years. Lemay, MO is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | -1.0% |
% Under 18 | 20.2% | 4.1% |
% Seniors | 17.9% | 4.1% |
% WFH | 8.7% | 234.6% |
% w/ College Degree | 22.1% | -4.3% |
As of the latest ACS Survey released in 2023, Lemay, MO is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Lemay, MO is black, making up 4.4% of the population. Foreign-born residents account for 14.2% of the population in Lemay, MO, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -2.2% |
% Black | 4.4% | -13.7% |
% Hispanic | 3.5% | 59.1% |
% Asian | 1.8% | -5.3% |
% Foreign Born | 14.2% | 11.8% |
Mortgage and Risk — Lemay, MO
According to HUD data as of 2023, there were 589 mortgage originations in Lemay, MO, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Lemay, MO. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 589 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lemay, MO
As of 2024, the percent of homes in Lemay, MO under the Section 8 program is 11.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lemay, MO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 470 |
Total Units Section 8 | 469 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 91.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $725 | $880 |
| 2 Bedroom | -$110 | $1,200 | $1,090 |
| 3 Bedroom | -$90 | $1,500 | $1,410 |
| 4 Bedroom | -$280 | $1,920 | $1,640 |
Affordability — Lemay, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $199,000 |
| Median Household Income | $59,700 |