Market Overview
Home Prices in Urbana, MO
The median home value in Urbana, MO is $245,719 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Urbana are priced40% below average. Urbana is part of the Springfield, MO metro area.
Over the past five years, Urbana home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Urbana Home Price Trend
City Comparison
Urbana vs. National Median
At $245,719, homes in Urbana cost 40% below the national median of $410,000. This makes Urbana a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Urbana?
20% Down Payment
$49,144
on $245,719
Monthly P&I
$1,282/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,628/mo
incl. taxes & insurance
Income Needed
$65,120
gross annual (30% rule)
10% Down Option
$24,572
+ PMI applies
Loan Amount (20% dn)
$196,575
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 Urbana, MO?
The median home value in Urbana is $245,719 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Urbana?
Over the past year, home values in Urbana have increased by 5%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Urbana?
To comfortably afford the median home price of $245,719 with a 20% down payment ($49,144) at today's rates (6.8%), you'd need a gross annual income of approximately $65,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Urbana compare to the national average home price?
The national median home value is approximately $410,000. At $245,719, homes in Urbana are 40% below the national average.
What metro area is Urbana part of?
Urbana is part of the Springfield, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.