Market Overview
Home Prices in Lemay, MO
The median home value in Lemay, MO is $175,881 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lemay are priced57% below average. Lemay is part of the St. Louis, MO-IL metro area.
Over the past five years, Lemay home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Lemay Home Price Trend
2020
$120,501
$121K
—
2021
$138,245
$138K
+14.7%
2022
$149,944
$150K
+8.5%
2023
$156,792
$157K
+4.6%
2024
$169,166
$169K
+7.9%
2025
$169,097
$169K
+-0.0%
2026
$175,881
$176K
+4.0%
City Comparison
Lemay vs. National Median
🏠 Lemay
$175,881
National Median
$410,000
At $175,881, homes in Lemay cost 57% below the national median of $410,000. This makes Lemay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lemay?
20% Down Payment
$35,176
on $175,881
Monthly P&I
$917/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,165/mo
incl. taxes & insurance
Income Needed
$46,600
gross annual (30% rule)
10% Down Option
$17,588
+ PMI applies
Loan Amount (20% dn)
$140,705
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 Lemay, MO?
The median home value in Lemay is $175,881 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Lemay?
Over the past year, home values in Lemay have increased by 4%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Lemay?
To comfortably afford the median home price of $175,881 with a 20% down payment ($35,176) at today's rates (6.8%), you'd need a gross annual income of approximately $46,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Lemay compare to the national average home price?
The national median home value is approximately $410,000. At $175,881, homes in Lemay are 57% below the national average.
What metro area is Lemay part of?
Lemay is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.