Spanish Lake, MO—63138
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spanish Lake, MO
As of Oct '25, the median home price in Spanish Lake, MO is $144,000, with a year-over-year change of 0.9%. This indicates that home prices in Spanish Lake, MO are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $144,000 | 0.9% |
| Single Family | $145,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 1.0% |
3 Bed | $143,000 | 0.7% |
4 Bed | $191,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Spanish Lake, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Spanish Lake, MO is 38. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $134,000 | -1.0% |
Listing Count | 71 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 38 | -1.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Spanish Lake, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $144,000 |
| Median Household Income | $51,700 |