Mortgage Rates in Neosho, Missouri — March 2026
Updated March 2026 | Based on Neosho market data and regional lending conditions
Neosho is a growing city in Missouri with a population of 12,238. The current 30-year fixed mortgage rate in Neosho is 6.64%, which is 0.01% below the national average. With a median home price of $161,000 and a 20% down payment of $32,200, homebuyers can expect a monthly principal and interest payment of approximately $826.
Current Mortgage Rates in Neosho, MO
Below are the current average mortgage rates available in the Neosho area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Neosho Housing Market Overview
The Neosho housing market offers relatively affordable housing compared to many major cities. The median household income in Neosho is $53,000, and the cost of living index is 88.7 (national average = 100). Based on the 28% affordability rule, the median income in Neosho is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Neosho
Based on the median home price of $161,000 with 20% down ($32,200), here is what you can expect to pay monthly in Neosho:
15-Year vs. 30-Year Mortgage in Neosho
Choosing a 15-year mortgage in Neosho at 5.9% instead of a 30-year at 6.64% would save you $102,960 in total interest over the life of the loan. However, your monthly payment would be $1,080 instead of $826 — an increase of $254 per month.
Calculate Your Neosho Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Neosho
What are the current mortgage rates in Neosho, MO?
As of March 2026, the average 30-year fixed mortgage rate in Neosho, Missouri is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Neosho?
Based on the median home price of $161,000 with 20% down, the estimated monthly mortgage payment in Neosho is $826 for principal and interest. Including property taxes of $134/month, the total monthly housing cost is approximately $960.
What income do I need to buy a home in Neosho?
Using the 28% rule, you would need an annual income of approximately $41,143 to afford the median-priced home in Neosho at $161,000. The median household income in Neosho is $53,000. The median income is currently sufficient to meet this threshold.
Is Neosho a good place to buy a home in 2026?
Neosho offers a below-average cost of living with a cost of living index of 88.7 (national average = 100). The property tax rate in Missouri is 1%, which is near the national average. Neosho has a population of 12,238 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Neosho, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.