Market Overview
Home Prices in Callao, MO
The median home value in Callao, MO is $214,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Callao are priced48% below average. Callao is part of the Moberly, MO metro area.
Over the past five years, Callao home values have risen by approximately42.0%, reflecting strong long-term appreciation in this market.
Price History
Callao Home Price Trend
City Comparison
Callao vs. National Median
At $214,638, homes in Callao cost 48% below the national median of $410,000. This makes Callao a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Callao?
20% Down Payment
$42,928
on $214,638
Monthly P&I
$1,119/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,421/mo
incl. taxes & insurance
Income Needed
$56,840
gross annual (30% rule)
10% Down Option
$21,464
+ PMI applies
Loan Amount (20% dn)
$171,710
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 Callao, MO?
The median home value in Callao is $214,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Callao?
Over the past year, home values in Callao have increased by 5.6%. Over five years, prices have risen approximately 42.0%.
How much do I need to earn to buy a home in Callao?
To comfortably afford the median home price of $214,638 with a 20% down payment ($42,928) at today's rates (6.8%), you'd need a gross annual income of approximately $56,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Callao compare to the national average home price?
The national median home value is approximately $410,000. At $214,638, homes in Callao are 48% below the national average.
What metro area is Callao part of?
Callao is part of the Moberly, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.