Quick facts: Seligman, MO

Quick Facts

94.1
Cost of Living
below US average
854
Population
18.74
Crime Rate per 1000
below US average
$35,972
Median Income
below US average
$249,900
Median House Price
above US average
$1340
Average Rent
below US average
10%
Poverty Rate
below 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 $35,972.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $35,972
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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 $35,972
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Seligman, MO

Seligman is a small town located in the southwestern part of Missouri, primarily within Barry County. With a population of just over 1,000 residents, it embodies the charm and simplicity of rural America. The town is situated along the historic U.S. Route 66, making it a significant stop for travelers and those interested in the iconic highway’s legacy. Seligman boasts a rich history associated with Route 66, often referred to as the "Birthplace of Route 66." The area is characterized by beautiful Ozark landscapes, with rolling hills and scenic views that attract nature enthusiasts and outdoor lovers. Various parks and recreational areas are nearby, providing opportunities for hiking, fishing, and camping. The town is home to several locally-owned shops and diners, encapsulating the small-town feel. Seligman’s community is close-knit and often hosts local events that bring residents together. The annual events, including Route 66 celebrations, foster a sense of pride and connection among inhabitants. For visitors, Seligman offers a glimpse into the nostalgia of America’s past while providing a peaceful retreat from more urbanized areas.

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