Quick facts: Prairie home, MO

Quick Facts

94.1
Cost of Living
below US average
263
Population
45.63
Crime Rate per 1000
above US average
$43,333
Median Income
below US average
$289,500
Median House Price
above US average
$1340
Average Rent
below US average
8%
Poverty Rate
below US average
3.2%
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 $43,333.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $43,333
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $43,333
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Prairie home, MO

Prairie Home is a small, charming town located in central Missouri, primarily within Cooper County. Known for its rural landscape and community-oriented atmosphere, Prairie Home offers a peaceful setting away from the hustle and bustle of larger cities. The town is characterized by its tight-knit community, with a population that reflects a slower, more traditional lifestyle. The surrounding area is filled with natural beauty, including rolling hills, expansive farmland, and plenty of outdoor recreational opportunities, such as fishing and hiking. Prairie Home embodies the quintessential small-town vibe, with local events and gatherings that foster a strong sense of community among residents. Nearby attractions include the larger town of Boonville, just a short drive away, where visitors can explore local shops, dining options, and historical sites. The area is also rich in history, with numerous landmarks and museums that tell the story of Missouri's past. Overall, Prairie Home is ideal for those seeking a quiet, rural lifestyle while still being within reach of the amenities offered by larger towns and cities. It's perfect for individuals or families looking to escape urban life and immerse themselves in nature and community.

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