The typical owner-occupied home in Lock Springs is worth about $121,900, 47% below the Missouri median of $230,300 and 63% below the national median of $332,700. The median household earns $97,188 a year, so the median home costs 1.3 times the median income (3.3 times for Missouri). 100% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Lock Springs at a glance
| Lock Springs | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $121,900 | $230,300 | $332,700 |
| Median property tax paid per year | – | $1,948 | $3,119 |
| Median household income | $97,188 | $70,702 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 47% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1951 | 1978 | 1980 |
| Vacant homes | 41.4% | 11.2% | 10.1% |
| People below the poverty line | 12.2% | 12.6% | 12.5% |
| Population | 49 | 6,191,814 | 334,922,499 |
Household budgets and debt in Lock Springs
12.2% of residents live below the federal poverty line, compared with 12.6% in Missouri.
If debts are getting hard to manage, the usual options, from mildest to most serious, are: a budget and a call to your lenders to ask for a hardship plan; a debt management plan through a nonprofit credit counselor, which can lower interest rates; a debt consolidation loan or, for homeowners, a cash-out refinance or home equity loan; debt settlement, where a company negotiates to pay less than you owe; and bankruptcy.
Under the Federal Trade Commission's rules, debt settlement companies can't charge a fee until they have settled at least one of your debts. Settling can hurt your credit and forgiven debt may be taxable, so compare it with credit counseling first. Time limits for collectors to sue differ by state and by type of debt; check with your state attorney general or a lawyer before relying on one.
Homeowners can sometimes pay off high-interest debt with their home's equity. With the median Lock Springs home worth $121,900 and 53% of owners mortgage-free, many owners have equity to draw on, but it turns unsecured debt into debt secured by your home.
Questions about debt relief in Lock Springs
What is the median home value in Lock Springs?
About $121,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much of their income do Lock Springs households spend on housing?
With a median household income of $97,188, owners with a mortgage spend a median 0.0% on housing and renters 0.0%.
More about Lock Springs
- Mortgage Refinance in Lock Springs
- Home Buying in Lock Springs
- Home Equity Loans in Lock Springs
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data