Quick facts: Martinsburg, MO

Quick Facts

94.1
Cost of Living
below US average
256
Population
46.88
Crime Rate per 1000
above US average
$31,696
Median Income
below US average
$55,000
Median House Price
above US average
$1340
Average Rent
below US average
14%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $31,696.

🏠

Income Needed to Buy

βœ“ Affordable
$17k/year
Based on $55,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($31,696) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $31,696
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Martinsburg, MO

Martinsburg is a small city located in Callaway County, Missouri. With a population of around 800 residents, it exudes a tight-knit community atmosphere. Nestled in the picturesque rolling hills of central Missouri, the city is known for its serene environment, making it an ideal spot for those seeking a slower-paced lifestyle. The area is rich in history, with a number of historic buildings and sites that reflect its early 19th-century origins. Martinsburg is surrounded by beautiful landscapes, offering outdoor recreational opportunities such as hiking, fishing, and camping. The nearby Missouri River adds to the scenic beauty and provides activities for nature enthusiasts. Local amenities include quaint shops, dining options, and community events that bring residents together. The city is also conveniently located near larger towns, giving residents access to more urban amenities while still enjoying the charm and tranquility of small-town living. Overall, Martinsburg offers a blend of historical charm, natural beauty, and a strong sense of community, making it a unique place to live or visit.

πŸ” Search & Compare Places

First Location πŸ“