Market Overview
Home Prices in Lathrop, MO
The median home value in Lathrop, MO is $298,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lathrop are priced27% below average. Lathrop is part of the Kansas City, MO-KS metro area.
Over the past five years, Lathrop home values have risen by approximately36.5%, reflecting strong long-term appreciation in this market.
Price History
Lathrop Home Price Trend
City Comparison
Lathrop vs. National Median
At $298,895, homes in Lathrop cost 27% below the national median of $410,000. This makes Lathrop a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lathrop?
20% Down Payment
$59,779
on $298,895
Monthly P&I
$1,559/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,980/mo
incl. taxes & insurance
Income Needed
$79,200
gross annual (30% rule)
10% Down Option
$29,890
+ PMI applies
Loan Amount (20% dn)
$239,116
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 Lathrop, MO?
The median home value in Lathrop is $298,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Lathrop?
Over the past year, home values in Lathrop have increased by 6.2%. Over five years, prices have risen approximately 36.5%.
How much do I need to earn to buy a home in Lathrop?
To comfortably afford the median home price of $298,895 with a 20% down payment ($59,779) at today's rates (6.8%), you'd need a gross annual income of approximately $79,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Lathrop compare to the national average home price?
The national median home value is approximately $410,000. At $298,895, homes in Lathrop are 27% below the national average.
What metro area is Lathrop part of?
Lathrop is part of the Kansas City, MO-KS metropolitan area. Home prices and market conditions can vary across the broader metro region.