Market Overview
Home Prices in New Florence, MO
The median home value in New Florence, MO is $227,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Florence are priced45% below average.
Over the past five years, New Florence home values have fallen by approximately10.4%, reflecting softening conditions in this market.
Price History
New Florence Home Price Trend
2020
$230,468
$230K
—
2021
$253,229
$253K
+9.9%
2022
$267,161
$267K
+5.5%
2023
$248,874
$249K
-6.8%
2024
$224,905
$225K
-9.6%
2025
$220,280
$220K
-2.1%
2026
$227,012
$227K
+3.1%
City Comparison
New Florence vs. National Median
🏠 New Florence
$227,012
National Median
$410,000
At $227,012, homes in New Florence cost 45% below the national median of $410,000. This makes New Florence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Florence?
20% Down Payment
$45,402
on $227,012
Monthly P&I
$1,184/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,504/mo
incl. taxes & insurance
Income Needed
$60,160
gross annual (30% rule)
10% Down Option
$22,701
+ PMI applies
Loan Amount (20% dn)
$181,610
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 New Florence, MO?
The median home value in New Florence is $227,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in New Florence?
Over the past year, home values in New Florence have increased by 3.1%. Over five years, prices have fallen approximately 10.4%.
How much do I need to earn to buy a home in New Florence?
To comfortably afford the median home price of $227,012 with a 20% down payment ($45,402) at today's rates (6.8%), you'd need a gross annual income of approximately $60,160. This assumes keeping total housing costs at or below 30% of gross income.
How does New Florence compare to the national average home price?
The national median home value is approximately $410,000. At $227,012, homes in New Florence are 45% below the national average.