Festus, MO—63028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Festus, MO
As of Nov '25, the median home price in Festus, MO is $294,000, with a year-over-year change of 3.8%. This indicates that home prices in Festus, MO are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 3.8% |
| Single Family | $296,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | 5.4% |
3 Bed | $303,000 | 4.1% |
4 Bed | $384,000 | 3.8% |
| 5 Bed | $475,833 | 2.5% |
% of Housing Stock
Rental Trends — Festus, MO
As of July '25, Rentcast reports the average rent in Festus, MO is $1,490, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Festus, MO is 1-bedrooms: $776, 2-bedrooms: $1,200, 3-bedrooms: $1,780, 4-bedrooms: $2,300. The most common rental property sizes in Festus, MO are 2-bedroom and 3-bedroom, accounting for 38.2% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $779 | $776 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,850 | $1,780 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Festus, MO
As of Nov '25, Realtor.com reports that the median days on market for a home in Festus, MO is 37. This is a decrease of -25.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 3.0% |
Listing Count | 109 | -21.0% |
| Listings as % of Homes | 1.5% | -21.0% |
Days on Market | 37 | -25.0% |
Demographics — Festus, MO
As of the latest ACS Survey released in 2023, Festus, MO has a population of 27,900, which has increased by 5.5% over the past 5 years. Festus, MO is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 5.5% |
% Under 18 | 24.6% | 16.0% |
% Seniors | 16.8% | -5.6% |
% WFH | 9.4% | 129.3% |
% w/ College Degree | 24.4% | 29.8% |
As of the latest ACS Survey released in 2023, Festus, MO is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Festus, MO is hispanic, making up 2.2% of the population. Foreign-born residents account for 1.1% of the population in Festus, MO, and this percentage has increased by 22.2% 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 | 89.1% | -7.9% |
% Black | 2.0% | 42.9% |
% Hispanic | 2.2% | 450.0% |
% Asian | 1.3% | 160.0% |
% Foreign Born | 1.1% | 22.2% |
Mortgage and Risk — Festus, MO
According to HUD data as of 2023, there were 496 mortgage originations in Festus, MO, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Festus, 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 | 496 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Festus, MO
As of 2024, the percent of homes in Festus, MO under the Section 8 program is 10.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Festus, MO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 345 |
Total Units Section 8 | 289 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $101 | $779 | $880 |
| 2 Bedroom | -$110 | $1,200 | $1,090 |
| 3 Bedroom | -$440 | $1,850 | $1,410 |
| 4 Bedroom | -$660 | $2,300 | $1,640 |
Affordability — Festus, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $294,000 |
| Median Household Income | $76,500 |