Market Overview
Home Prices in Monett, MO
The median home value in Monett, MO is $187,813 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monett are priced54% below average.
Over the past five years, Monett home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Monett Home Price Trend
2020
$126,099
$126K
—
2021
$148,493
$148K
+17.8%
2022
$170,467
$170K
+14.8%
2023
$179,774
$180K
+5.5%
2024
$185,506
$186K
+3.2%
2025
$191,902
$192K
+3.4%
2026
$187,813
$188K
-2.1%
City Comparison
Monett vs. National Median
🏠 Monett
$187,813
National Median
$410,000
At $187,813, homes in Monett cost 54% below the national median of $410,000. This makes Monett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monett?
20% Down Payment
$37,563
on $187,813
Monthly P&I
$980/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,245/mo
incl. taxes & insurance
Income Needed
$49,800
gross annual (30% rule)
10% Down Option
$18,781
+ PMI applies
Loan Amount (20% dn)
$150,250
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 Monett, MO?
The median home value in Monett is $187,813 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Monett?
Over the past year, home values in Monett have decreased by 2.1%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Monett?
To comfortably afford the median home price of $187,813 with a 20% down payment ($37,563) at today's rates (6.8%), you'd need a gross annual income of approximately $49,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Monett compare to the national average home price?
The national median home value is approximately $410,000. At $187,813, homes in Monett are 54% below the national average.