Hannibal, MO—63401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hannibal, MO
As of Oct '25, the median home price in Hannibal, MO is $171,000, with a year-over-year change of 7.7%. This indicates that home prices in Hannibal, MO are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 7.7% |
| Single Family | $170,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $64,000 | 3.2% |
2 Bed | $106,000 | 7.1% |
3 Bed | $207,000 | 7.8% |
4 Bed | $259,000 | 6.6% |
| 5 Bed | $322,000 | 5.2% |
% of Housing Stock
Rental Trends — Hannibal, MO
As of July '25, Rentcast reports the average rent in Hannibal, MO is $857, with a year-over-year rent change of -48.4%. Per bedroom, the median rent as of July '25 in Hannibal, MO is studios: $425, 1-bedrooms: $662, 2-bedrooms: $750, 3-bedrooms: $1,170. The most common rental property sizes in Hannibal, MO are 2-bedroom and 3-bedroom, accounting for 32.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $857 |
| Studio Rent | $425 | $425 |
| 1 Bed Rent | $525 | $662 |
| 2 Bed Rent | $750 | $750 |
| 3 Bed Rent | $1,300 | $1,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hannibal, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Hannibal, MO is 41. This is a increase of 5.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -8.0% |
Listing Count | 85 | 28.0% |
| Listings as % of Homes | 0.5% | 28.0% |
Days on Market | 41 | 5.0% |
Demographics — Hannibal, MO
As of the latest ACS Survey released in 2023, Hannibal, MO has a population of 21,100, which has decreased by -4.8% over the past 5 years. Hannibal, MO is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | -4.8% |
% Under 18 | 23.7% | -0.8% |
% Seniors | 19.3% | 14.9% |
% WFH | 6.0% | 71.4% |
% w/ College Degree | 25.1% | 17.3% |
As of the latest ACS Survey released in 2023, Hannibal, MO is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Hannibal, MO is black, making up 6.2% of the population. Foreign-born residents account for 0.8% of the population in Hannibal, MO, and this percentage has decreased by 20.0% 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 | 88.4% | -0.9% |
% Black | 6.2% | 21.6% |
% Hispanic | 2.5% | 13.6% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 0.8% | -20.0% |
Mortgage and Risk — Hannibal, MO
According to HUD data as of 2023, there were 281 mortgage originations in Hannibal, MO, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Hannibal, MO. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 281 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Hannibal, MO
Hannibal, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 655 |
Total Units Section 8 | 406 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $525 | $700 |
| 2 Bedroom | $140 | $750 | $890 |
| 3 Bedroom | -$130 | $1,300 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Hannibal, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $171,000 |
| Median Household Income | $60,500 |