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% |
| Population | 49 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Lock Springs
At this week's average 30-year rate of 7.11%, buying the median Lock Springs home of $121,900 with 20% down costs about $819 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,022, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $35,081 for the 20%-down payment. That payment is 10% of the median Lock Springs household income of $97,188; at that income and 20% down, the 28% guideline points to a home of about $338,000.
| Down payment | $24,380 |
|---|---|
| Loan amount | $97,520 |
| Principal and interest | $656 |
| Property taxes (1.10% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $819 |
Change the numbers in the calculator
| Down payment | $4,266 |
|---|---|
| Loan amount | $119,692 |
| Principal and interest | $805 |
| Property taxes (1.10% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,022 |
Change the numbers in the calculator
Questions about home buying 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.
What income do you need to buy a home in Lock Springs?
For the median home with 20% down at 7.11%, the payment is about $819 a month. Keeping that under 28% of gross income takes about $35,081 a year.
More about Lock Springs
- Mortgage Refinance in Lock Springs
- Debt Relief 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