Fair Grove, MO—65648
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fair Grove, MO
As of Oct '25, the median home price in Fair Grove, MO is $295,000, with a year-over-year change of 0.9%. This indicates that home prices in Fair Grove, MO are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 0.9% |
| Single Family | $296,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 0.8% |
3 Bed | $287,000 | 1.4% |
4 Bed | $390,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fair Grove, MO
As of July '25, Rentcast reports the average rent in Fair Grove, MO is $1,400, with a year-over-year rent change of 37.3%. Per bedroom, the median rent as of July '25 in Fair Grove, MO is 3-bedrooms: $1,400. The most common rental property sizes in Fair Grove, MO are 2-bedroom and 3-bedroom, accounting for 40.1% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fair Grove, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Fair Grove, MO is 40. This is a decrease of -19.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 6.0% |
Listing Count | 19 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 40 | -19.0% |
Demographics — Fair Grove, MO
As of the latest ACS Survey released in 2023, Fair Grove, MO has a population of 6,300, which has increased by 3.7% over the past 5 years. Fair Grove, MO is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,300 | 3.7% |
% Under 18 | 24.9% | -10.8% |
% Seniors | 15.4% | 23.2% |
% WFH | 8.7% | 248.0% |
% w/ College Degree | 28.8% | 69.4% |
As of the latest ACS Survey released in 2023, Fair Grove, MO is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Fair Grove, MO is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.7% of the population in Fair Grove, MO, and this percentage has decreased by 36.4% 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 | 94.3% | -1.4% |
% Black | 0.2% | -60.0% |
% Hispanic | 0.9% | -62.5% |
% Asian | 0.7% | ∞% |
% Foreign Born | 0.7% | -36.4% |
Mortgage and Risk — Fair Grove, MO
According to HUD data as of 2023, there were 73 mortgage originations in Fair Grove, MO, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Fair Grove, MO. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fair Grove, MO
Fair Grove, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$110 | $1,400 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Fair Grove, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $295,000 |
| Median Household Income | $83,300 |