Market Overview
Home Prices in Altenburg, MO
The median home value in Altenburg, MO is $249,684 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Altenburg are priced39% below average. Altenburg is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Altenburg home values have risen by approximately25.6%, reflecting strong long-term appreciation in this market.
Price History
Altenburg Home Price Trend
City Comparison
Altenburg vs. National Median
At $249,684, homes in Altenburg cost 39% below the national median of $410,000. This makes Altenburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Altenburg?
20% Down Payment
$49,937
on $249,684
Monthly P&I
$1,302/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,654/mo
incl. taxes & insurance
Income Needed
$66,160
gross annual (30% rule)
10% Down Option
$24,968
+ PMI applies
Loan Amount (20% dn)
$199,747
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 Altenburg, MO?
The median home value in Altenburg is $249,684 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Altenburg?
Over the past year, home values in Altenburg have increased by 2.2%. Over five years, prices have risen approximately 25.6%.
How much do I need to earn to buy a home in Altenburg?
To comfortably afford the median home price of $249,684 with a 20% down payment ($49,937) at today's rates (6.8%), you'd need a gross annual income of approximately $66,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Altenburg compare to the national average home price?
The national median home value is approximately $410,000. At $249,684, homes in Altenburg are 39% below the national average.
What metro area is Altenburg part of?
Altenburg is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.