Market Overview
Home Prices in Licking, MO
The median home value in Licking, MO is $198,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Licking are priced52% below average.
Over the past five years, Licking home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
Licking Home Price Trend
2020
$116,187
$116K
—
2021
$136,845
$137K
+17.8%
2022
$171,973
$172K
+25.7%
2023
$181,409
$181K
+5.5%
2024
$184,554
$185K
+1.7%
2025
$185,830
$186K
+0.7%
2026
$198,728
$199K
+6.9%
City Comparison
Licking vs. National Median
🏠 Licking
$198,728
National Median
$410,000
At $198,728, homes in Licking cost 52% below the national median of $410,000. This makes Licking a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Licking?
20% Down Payment
$39,746
on $198,728
Monthly P&I
$1,036/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,316/mo
incl. taxes & insurance
Income Needed
$52,640
gross annual (30% rule)
10% Down Option
$19,873
+ PMI applies
Loan Amount (20% dn)
$158,982
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 Licking, MO?
The median home value in Licking is $198,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Licking?
Over the past year, home values in Licking have increased by 6.9%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in Licking?
To comfortably afford the median home price of $198,728 with a 20% down payment ($39,746) at today's rates (6.8%), you'd need a gross annual income of approximately $52,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Licking compare to the national average home price?
The national median home value is approximately $410,000. At $198,728, homes in Licking are 52% below the national average.