Neosho, MO—64850
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Neosho, MO
As of Oct '25, the median home price in Neosho, MO is $215,000, with a year-over-year change of 4.0%. This indicates that home prices in Neosho, 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 | $215,000 | 4.0% |
| Single Family | $216,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | 1.9% |
2 Bed | $135,000 | 2.3% |
3 Bed | $220,000 | 4.8% |
4 Bed | $289,000 | 4.7% |
| 5 Bed | $344,000 | 4.2% |
% of Housing Stock
Rental Trends — Neosho, MO
As of July '25, Rentcast reports the average rent in Neosho, MO is $1,110, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Neosho, MO is 1-bedrooms: $650, 2-bedrooms: $1,060, 3-bedrooms: $1,470, 4-bedrooms: $1,200. The most common rental property sizes in Neosho, MO are 2-bedroom and 3-bedroom, accounting for 38.2% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,000 | $1,060 |
| 3 Bed Rent | $1,700 | $1,470 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Neosho, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Neosho, MO is 46. This is a increase of 25.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 4.0% |
Listing Count | 129 | 13.0% |
| Listings as % of Homes | 0.7% | 13.0% |
Days on Market | 46 | 25.0% |
Demographics — Neosho, MO
As of the latest ACS Survey released in 2023, Neosho, MO has a population of 25,400, which has increased by 6.8% over the past 5 years. Neosho, MO is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | 6.8% |
% Under 18 | 25.2% | -6.0% |
% Seniors | 15.1% | 3.4% |
% WFH | 5.4% | 17.4% |
% w/ College Degree | 20.9% | 21.5% |
As of the latest ACS Survey released in 2023, Neosho, MO is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Neosho, MO is hispanic, making up 9.2% of the population. Foreign-born residents account for 6.1% of the population in Neosho, MO, and this percentage has increased by 15.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.3% | -4.3% |
% Black | 1.0% | -28.6% |
% Hispanic | 9.2% | 3.4% |
% Asian | 1.6% | 6.7% |
% Foreign Born | 6.1% | 15.1% |
Mortgage and Risk — Neosho, MO
According to HUD data as of 2023, there were 493 mortgage originations in Neosho, MO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Neosho, MO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 493 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Neosho, MO
As of 2024, the percent of homes in Neosho, MO under the Section 8 program is 5.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Neosho, MO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 247 |
Total Units Section 8 | 167 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 83.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $650 | $770 |
| 2 Bedroom | -$40 | $1,000 | $960 |
| 3 Bedroom | -$470 | $1,700 | $1,230 |
| 4 Bedroom | $110 | $1,200 | $1,310 |
Affordability — Neosho, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $215,000 |
| Median Household Income | $60,900 |