Market Overview
Home Prices in Neosho, MO
The median home value in Neosho, MO is $231,535 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Neosho are priced44% below average. Neosho is part of the Joplin, MO metro area.
Over the past five years, Neosho home values have risen by approximately40.3%, reflecting strong long-term appreciation in this market.
Price History
Neosho Home Price Trend
City Comparison
Neosho vs. National Median
At $231,535, homes in Neosho cost 44% below the national median of $410,000. This makes Neosho a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Neosho?
20% Down Payment
$46,307
on $231,535
Monthly P&I
$1,208/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,534/mo
incl. taxes & insurance
Income Needed
$61,360
gross annual (30% rule)
10% Down Option
$23,154
+ PMI applies
Loan Amount (20% dn)
$185,228
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 Neosho, MO?
The median home value in Neosho is $231,535 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Neosho?
Over the past year, home values in Neosho have increased by 3.8%. Over five years, prices have risen approximately 40.3%.
How much do I need to earn to buy a home in Neosho?
To comfortably afford the median home price of $231,535 with a 20% down payment ($46,307) at today's rates (6.8%), you'd need a gross annual income of approximately $61,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Neosho compare to the national average home price?
The national median home value is approximately $410,000. At $231,535, homes in Neosho are 44% below the national average.
What metro area is Neosho part of?
Neosho is part of the Joplin, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.