Market Overview
Home Prices in Advance, MO
The median home value in Advance, MO is $156,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.1% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Advance are priced62% below average.
Over the past five years, Advance home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Advance Home Price Trend
2020
$112,981
$113K
—
2021
$124,277
$124K
+10.0%
2022
$139,274
$139K
+12.1%
2023
$143,099
$143K
+2.7%
2024
$146,167
$146K
+2.1%
2025
$141,742
$142K
-3.0%
2026
$156,025
$156K
+10.1%
City Comparison
Advance vs. National Median
🏠 Advance
$156,025
National Median
$410,000
At $156,025, homes in Advance cost 62% below the national median of $410,000. This makes Advance a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Advance?
20% Down Payment
$31,205
on $156,025
Monthly P&I
$814/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,034/mo
incl. taxes & insurance
Income Needed
$41,360
gross annual (30% rule)
10% Down Option
$15,603
+ PMI applies
Loan Amount (20% dn)
$124,820
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Advance, MO?
The median home value in Advance is $156,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.1% year-over-year.
How much have home prices changed in Advance?
Over the past year, home values in Advance have increased by 10.1%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Advance?
To comfortably afford the median home price of $156,025 with a 20% down payment ($31,205) at today's rates (6.8%), you'd need a gross annual income of approximately $41,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Advance compare to the national average home price?
The national median home value is approximately $410,000. At $156,025, homes in Advance are 62% below the national average.