Market Overview
Home Prices in Lockwood, MO
The median home value in Lockwood, MO is $177,043 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lockwood are priced57% below average.
Over the past five years, Lockwood home values have risen by approximately50.7%, reflecting strong long-term appreciation in this market.
Price History
Lockwood Home Price Trend
2020
$95,885
$96K
—
2021
$117,487
$117K
+22.5%
2022
$143,249
$143K
+21.9%
2023
$148,453
$148K
+3.6%
2024
$169,844
$170K
+14.4%
2025
$167,367
$167K
-1.5%
2026
$177,043
$177K
+5.8%
City Comparison
Lockwood vs. National Median
🏠 Lockwood
$177,043
National Median
$410,000
At $177,043, homes in Lockwood cost 57% below the national median of $410,000. This makes Lockwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lockwood?
20% Down Payment
$35,409
on $177,043
Monthly P&I
$923/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,172/mo
incl. taxes & insurance
Income Needed
$46,880
gross annual (30% rule)
10% Down Option
$17,704
+ PMI applies
Loan Amount (20% dn)
$141,634
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 Lockwood, MO?
The median home value in Lockwood is $177,043 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Lockwood?
Over the past year, home values in Lockwood have increased by 5.8%. Over five years, prices have risen approximately 50.7%.
How much do I need to earn to buy a home in Lockwood?
To comfortably afford the median home price of $177,043 with a 20% down payment ($35,409) at today's rates (6.8%), you'd need a gross annual income of approximately $46,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Lockwood compare to the national average home price?
The national median home value is approximately $410,000. At $177,043, homes in Lockwood are 57% below the national average.