Market Overview
Home Prices in Elk Creek, MO
The median home value in Elk Creek, MO is $245,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elk Creek are priced40% below average.
Price History
Elk Creek Home Price Trend
2022
$246,159
$246K
—
2023
$247,719
$248K
+0.6%
2024
$254,814
$255K
+2.9%
2025
$247,089
$247K
-3.0%
2026
$245,706
$246K
-0.6%
City Comparison
Elk Creek vs. National Median
🏠 Elk Creek
$245,706
National Median
$410,000
At $245,706, homes in Elk Creek cost 40% below the national median of $410,000. This makes Elk Creek a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elk Creek?
20% Down Payment
$49,141
on $245,706
Monthly P&I
$1,281/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,627/mo
incl. taxes & insurance
Income Needed
$65,080
gross annual (30% rule)
10% Down Option
$24,571
+ PMI applies
Loan Amount (20% dn)
$196,565
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 Elk Creek, MO?
The median home value in Elk Creek is $245,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Elk Creek?
Over the past year, home values in Elk Creek have decreased by 0.6%.
How much do I need to earn to buy a home in Elk Creek?
To comfortably afford the median home price of $245,706 with a 20% down payment ($49,141) at today's rates (6.8%), you'd need a gross annual income of approximately $65,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Elk Creek compare to the national average home price?
The national median home value is approximately $410,000. At $245,706, homes in Elk Creek are 40% below the national average.