Determining the affordability of a home takes more than just looking at the listing price. Factors like closing costs, insurance and taxes should also be taken into consideration.
A study from Smart Asset determined the most affordable places to live in Missouri by analyzing local property tax, insurance costs and income data. Places where the home ownership costs were most affordable compared to the local median income ranked the highest in the study. For a look at the top 10 most affordable places in Missouri, check out the table below.
To calculate the affordability of homes for rent or for sale in a neighborhood you desire, visit smartasset.com.