Drexel, MO—64742
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drexel, MO
As of Oct '25, the median home price in Drexel, MO is $301,000, with a year-over-year change of 2.0%. This indicates that home prices in Drexel, MO are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | 2.0% |
| Single Family | $301,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | -0.5% |
3 Bed | $290,000 | 2.8% |
4 Bed | $447,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drexel, MO
Drexel, 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 — Drexel, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Drexel, MO is 44. This is a decrease of -49.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | 18.0% |
Listing Count | 14 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 44 | -49.0% |
Demographics — Drexel, MO
As of the latest ACS Survey released in 2023, Drexel, MO has a population of 2,350, which has increased by 8.8% over the past 5 years. Drexel, MO is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,350 | 8.8% |
% Under 18 | 25.2% | 8.2% |
% Seniors | 18.2% | 3.4% |
% WFH | 8.2% | 51.9% |
% w/ College Degree | 17.6% | 6.7% |
As of the latest ACS Survey released in 2023, Drexel, MO is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Drexel, MO is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.2% of the population in Drexel, MO, and this percentage has decreased by 7.7% 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 | 93.0% | -2.0% |
% Black | 0.2% | -50.0% |
% Hispanic | 2.8% | 33.3% |
% Asian | 0.3% | -75.0% |
% Foreign Born | 1.2% | -7.7% |
Mortgage and Risk — Drexel, MO
According to HUD data as of 2023, there were 73 mortgage originations in Drexel, MO, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Drexel, MO. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Drexel, MO
Drexel, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Drexel, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $301,000 |
| Median Household Income | $77,100 |