Market Overview
Home Prices in Chaffee, MO
The median home value in Chaffee, MO is $160,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 8.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chaffee are priced61% below average. Chaffee is part of the Sikeston, MO metro area.
Over the past five years, Chaffee home values have risen by approximately21.9%, reflecting strong long-term appreciation in this market.
Price History
Chaffee Home Price Trend
City Comparison
Chaffee vs. National Median
At $160,222, homes in Chaffee cost 61% below the national median of $410,000. This makes Chaffee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chaffee?
20% Down Payment
$32,044
on $160,222
Monthly P&I
$836/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,062/mo
incl. taxes & insurance
Income Needed
$42,480
gross annual (30% rule)
10% Down Option
$16,022
+ PMI applies
Loan Amount (20% dn)
$128,178
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 Chaffee, MO?
The median home value in Chaffee is $160,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Chaffee?
Over the past year, home values in Chaffee have decreased by 0.5%. Over five years, prices have risen approximately 21.9%.
How much do I need to earn to buy a home in Chaffee?
To comfortably afford the median home price of $160,222 with a 20% down payment ($32,044) at today's rates (6.8%), you'd need a gross annual income of approximately $42,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Chaffee compare to the national average home price?
The national median home value is approximately $410,000. At $160,222, homes in Chaffee are 61% below the national average.
What metro area is Chaffee part of?
Chaffee is part of the Sikeston, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.