Quick facts: Rea, MO

Quick Facts

94.1
Cost of Living
below US average
47
Population
531.91
Crime Rate per 1000
above US average
$87,813
Median Income
above US average
$194,000
Median House Price
above US average
$1340
Average Rent
below US average
7%
Poverty Rate
below US average
3.0%
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 $87,813.

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Income Needed to Buy

βœ“ Affordable
$61k/year
Based on $194,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($87,813) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($87,813) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rea, MO

Rea, Missouri, is a small village situated in the northwest part of the state, primarily within Holt County. With a quaint charm, Rea showcases the rural lifestyle of the area characterized by open landscapes and agricultural fields. The village is primarily residential, offering a tight-knit community atmosphere, where neighbors often know one another. Rea is conveniently located near major highways, which provides residents access to neighboring towns and cities. The nearest larger town is Mound City, where residents can find more amenities, shopping, and services. The village is part of a picturesque landscape, ideal for outdoor activities such as hiking, fishing, and enjoying the tranquility of nature. Education in Rea falls under the jurisdiction of local school districts that cater to the surrounding rural population. The community hosts small events and gatherings, fostering a sense of belonging and engagement among its residents. Those looking for a slower-paced lifestyle with the charm of rural living may find Rea, MO, an appealing location.

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