Market Overview
Home Prices in Fair Grove, MO
The median home value in Fair Grove, MO is $256,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fair Grove are priced38% below average. Fair Grove is part of the Springfield, MO metro area.
Over the past five years, Fair Grove home values have risen by approximately37.8%, reflecting strong long-term appreciation in this market.
Price History
Fair Grove Home Price Trend
City Comparison
Fair Grove vs. National Median
At $256,148, homes in Fair Grove cost 38% below the national median of $410,000. This makes Fair Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fair Grove?
20% Down Payment
$51,230
on $256,148
Monthly P&I
$1,336/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,697/mo
incl. taxes & insurance
Income Needed
$67,880
gross annual (30% rule)
10% Down Option
$25,615
+ PMI applies
Loan Amount (20% dn)
$204,918
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 Fair Grove, MO?
The median home value in Fair Grove is $256,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Fair Grove?
Over the past year, home values in Fair Grove have increased by 3.7%. Over five years, prices have risen approximately 37.8%.
How much do I need to earn to buy a home in Fair Grove?
To comfortably afford the median home price of $256,148 with a 20% down payment ($51,230) at today's rates (6.8%), you'd need a gross annual income of approximately $67,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Fair Grove compare to the national average home price?
The national median home value is approximately $410,000. At $256,148, homes in Fair Grove are 38% below the national average.
What metro area is Fair Grove part of?
Fair Grove is part of the Springfield, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.