30 Year Fixed
- 5.02 %
15 Year Fixed
- 4.49 %
1-Year ARM
- 3.93 %
5/1 ARM
- 4.19 %
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Guide to Missouri Mortgages

Missouri

Missouri is located in the Midwestern area of the United States and is the 21st largest state in the United States by area. Missouri is also known as a border state, standing as a transition between the eastern and western U.S.

The state’s total population is around 5,878,415 which make it the 18th most populated state in the nation with a median household income of $32,705. Its demographics are as follows; 86.54% White American; 12.04% African American; 1.03% American Indian; 1.61% Asian American; 0.13% Mixed. The economy for this state is based upon major industries such as aerospace, transportation equipment, food processing, chemicals and limestone to name a few.  Missouri’s gross state product is estimated at $225.9 billion. The per capita personal income is estimated at $32,707 ranking it at 26th in the nation.

St. Louis is primarily the largest metropolitan area in the state and is estimated to be the 16th largest city in the U.S. Kansas City is rated to be the 27th largest metropolitan area and is the largest city in the state. A few of the other large metropolitan areas are Independence, Lee’s Summit, Blue Springs, Raytown, Liberty and Gladstone.

The political bellwether state of Missouri has a humid continental climate. This form of climate brings hot/ humid summers and cold winters with temperatures averaging about 90 degrees midsummer and 36 degrees mid winter.

 

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Missouri Housing Statistics
MissouriUSA
Total Housing2,442,017121,699,874
Total Urban1,668,11294,464,240
Total Rural773,90527,235,633
Occupied2,194,594110,754,106
Vacant247,42310,945,767
Owner Occupied1,542,14973,306,541
Renter Occupied652,44537,447,565
Vacant for Rent64,1672,745,385
Vacant for Sale33,7751,264,534
 
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