Compare Joplin, MO mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Joplin.
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January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Joplin. Understand how much you need to earn to afford a home in Joplin, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Joplin fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Joplin is right for you.
The median home value for Joplin, MO (Jasper County) is $146,497
Based on current mortgage rates and a 10% down payment, you need to make $24,003 per year to buy the median priced home in Joplin
With this income, you could qualify for a $131,847 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Joplin is $556
The median household income for Joplin, MO (Jasper County) is $48,650
Based on this income, you can afford a home valued at approximately $296,926
The home price you can afford to buy based on household income in Joplin is 203% of the median home value which means housing prices are affordable. Joplin (Jasper County) ranks 75 out of 115 counties in Missouri and 1,673 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Joplin, MO is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Joplin (Jasper County) below.
Conforming loan limits for Joplin, MO
FHA loan limits for Joplin, MO
VA loan limits for Joplin, MO