Advance, MO—63730
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Advance, MO
As of Oct '25, the median home price in Advance, MO is $164,000, with a year-over-year change of 0.6%. This indicates that home prices in Advance, MO are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $164,000 | 0.6% |
| Single Family | $164,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $193,000 | 2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Advance, MO
Advance, MO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Advance, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Advance, MO is 104. This is a increase of 107.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | -18.0% |
Listing Count | 8 | -34.0% |
| Listings as % of Homes | 0.4% | -34.0% |
Days on Market | 104 | 107.0% |
Demographics — Advance, MO
As of the latest ACS Survey released in 2023, Advance, MO has a population of 3,670, which has increased by 20.3% over the past 5 years. Advance, MO is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 15.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,670 | 20.3% |
% Under 18 | 23.9% | 31.3% |
% Seniors | 16.1% | -27.1% |
% WFH | 3.1% | -50.0% |
% w/ College Degree | 15.1% | 38.5% |
As of the latest ACS Survey released in 2023, Advance, MO is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Advance, MO is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.1% of the population in Advance, MO, and this percentage has decreased by 80.0% 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 | 95.6% | -2.7% |
% Black | 0.4% | -20.0% |
% Hispanic | 0.5% | 0.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | -80.0% |
Mortgage and Risk — Advance, MO
According to HUD data as of 2023, there were 35 mortgage originations in Advance, MO, of which 43.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Advance, MO. Investor activity is low, as 3.0% 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 | 35 |
% Conventional Loans | 43.0% |
% Government Loans | 57.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Advance, MO
Advance, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $670 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Advance, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $164,000 |
| Median Household Income | $57,200 |