Market Overview
Home Prices in Steelville, MO
The median home value in Steelville, MO is $219,810 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Steelville are priced46% below average.
Over the past five years, Steelville home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
Steelville Home Price Trend
2020
$134,595
$135K
—
2021
$167,614
$168K
+24.5%
2022
$193,954
$194K
+15.7%
2023
$190,441
$190K
-1.8%
2024
$193,285
$193K
+1.5%
2025
$198,145
$198K
+2.5%
2026
$219,810
$220K
+10.9%
City Comparison
Steelville vs. National Median
🏠 Steelville
$219,810
National Median
$410,000
At $219,810, homes in Steelville cost 46% below the national median of $410,000. This makes Steelville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Steelville?
20% Down Payment
$43,962
on $219,810
Monthly P&I
$1,146/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,455/mo
incl. taxes & insurance
Income Needed
$58,200
gross annual (30% rule)
10% Down Option
$21,981
+ PMI applies
Loan Amount (20% dn)
$175,848
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 Steelville, MO?
The median home value in Steelville is $219,810 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in Steelville?
Over the past year, home values in Steelville have increased by 10.9%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in Steelville?
To comfortably afford the median home price of $219,810 with a 20% down payment ($43,962) at today's rates (6.8%), you'd need a gross annual income of approximately $58,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Steelville compare to the national average home price?
The national median home value is approximately $410,000. At $219,810, homes in Steelville are 46% below the national average.