Spanish Lake, MO 63138 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spanish Lake, MO—63138

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$141,000

0.6% YoY Growth

Household Income

$51,700

33.7% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,260

4.8% YoY Growth

1-Bed Rent

$700

18.1% YoY Growth

2-Bed Rent

$895

7.9% YoY Growth

3-Bed Rent

$1,340

0.0% YoY Growth

Home Price Trends — Spanish Lake, MO

As of Dec '25, the median home price in Spanish Lake, MO is $141,000, with a year-over-year change of 0.6%. This indicates that home prices in Spanish Lake, MO are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$141,000	0.6%
Single Family	$142,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spanish Lake, MO

As of July '25, Rentcast reports the average rent in Spanish Lake, MO is $1,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Spanish Lake, MO is 1-bedrooms: $733, 2-bedrooms: $945, 3-bedrooms: $1,370, 4-bedrooms: $1,500. The most common rental property sizes in Spanish Lake, MO are 3-bedroom and 2-bedroom, accounting for 37.5% and 31.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,260	$1,200
Studio Rent	N/A	N/A
1 Bed Rent	$700	$733
2 Bed Rent	$895	$945
3 Bed Rent	$1,340	$1,370
4 Bed Rent	$1,460	$1,500

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% of Rental Stock

Studio

0.4%

1 Bedroom

25.9%

2 Bedrooms

31.9%

3 Bedrooms

37.5%

4 Bedrooms

4.3%

Property Listings — Spanish Lake, MO

As of Dec '25, Realtor.com reports that the median days on market for a home in Spanish Lake, MO is 43. This is a increase of 4.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$122,000	5.0%
Listing Count	56	13.0%
Listings as % of Homes	0.5%	13.0%
Days on Market	74	28.0%

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Demographics — Spanish Lake, MO

As of the latest ACS Survey released in 2023, Spanish Lake, MO has a population of 18,700, which has remained stable by 0.8% over the past 5 years. Spanish Lake, MO is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,700	0.8%
% Under 18	25.7%	-12.6%
% Seniors	12.8%	-3.0%
% WFH	11.4%	165.1%
% w/ College Degree	14.9%	-15.3%

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As of the latest ACS Survey released in 2023, Spanish Lake, MO is a predominantly black area, with 80.7% of the population identifying as black. The black population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Spanish Lake, MO is white, making up 14.1% of the population. Foreign-born residents account for 1.5% of the population in Spanish Lake, MO, and this percentage has decreased by 31.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	14.1%	-19.9%
% Black	80.7%	4.0%
% Hispanic	1.1%	-21.4%
% Asian	0.2%	∞%
% Foreign Born	1.5%	-31.8%

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Mortgage and Risk — Spanish Lake, MO

According to HUD data as of 2023, there were 218 mortgage originations in Spanish Lake, MO, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Spanish Lake, MO. Investor activity is low, as 13.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	218
% Conventional Loans	54.0%
% Government Loans	46.0%
% Investor Loans	13.0%
% Second Loans	0.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Spanish Lake, MO

As of 2024, the percent of homes in Spanish Lake, MO under the Section 8 program is 29.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Spanish Lake, MO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	1,155
Total Units Section 8	1,097
% Rentals under Section 8	29.2%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$230	$700	$930
2 Bedroom	$255	$895	$1,150
3 Bedroom	$150	$1,340	$1,490
4 Bedroom	$250	$1,460	$1,710

Spanish Lake, MO—63138

Key Metrics at a Glance

Home Price Trends — Spanish Lake, MO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spanish Lake, MO

% of Rental Stock

Property Listings — Spanish Lake, MO

Demographics — Spanish Lake, MO

Race and Ethnicity

Mortgage and Risk — Spanish Lake, MO

Mortgages

Rentals and Section 8 — Spanish Lake, MO

Section 8 Market Size

Section 8 Opportunity

Affordability — Spanish Lake, MO

Home Price to Income Ratio

Spanish Lake, MO — ZIP Code Boundary Map

Nearby ZIP Codes

Hartford, IL

Bellefontaine Neighbors, MO

West Alton, MO

Hathaway Meadows, MO

Black Jack, MO

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$141,000
Median Household Income	$51,700

Spanish Lake, MO—63138

Key Metrics at a Glance

Home Price Trends — Spanish Lake, MO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spanish Lake, MO

% of Rental Stock

Property Listings — Spanish Lake, MO

Demographics — Spanish Lake, MO

Race and Ethnicity

Mortgage and Risk — Spanish Lake, MO

Mortgages

Rentals and Section 8 — Spanish Lake, MO

Section 8 Market Size

Section 8 Opportunity

Affordability — Spanish Lake, MO

Home Price to Income Ratio

Spanish Lake, MO — ZIP Code Boundary Map

Nearby ZIP Codes

Hartford, IL

Bellefontaine Neighbors, MO

West Alton, MO

Hathaway Meadows, MO

Black Jack, MO

Frequently Asked Questions

What is the average home price in Spanish Lake, MO 63138?

How have home prices in Spanish Lake, MO 63138 changed over the past year?

What is the home price projection for Spanish Lake, MO 63138?

What are the demographics of Spanish Lake, MO 63138?

How long does it take homes to sell in Spanish Lake, MO 63138?

What is the average rent price in Spanish Lake, MO 63138?