Fort Leonard Wood, MO Housing Market

Market Overview

Fort Leonard Wood, MO currently earns a PropertyIQ Score of 80 out of 100, which places it in strong territory for residential real estate. The score is supported by several top drivers: 12-month home value momentum of 8.48%, 3-month home value momentum of 2.39%, median days on market of 46 days, and a 25.1% share of listings with a price cut. These figures suggest a market with meaningful recent price appreciation and a reasonably steady pace of sales, though the price-cut share indicates sellers do not have unlimited pricing power.

Compared with Missouri state averages, Fort Leonard Wood looks relatively affordable on the purchase side but stronger on the rental side. The local median home value is $233,313, below the state average of $267,879. The local rent index is $1,228, above the state average of $1,033. The unemployment rate is 3.6%, matching the state average, while median household income is $64,466, below the state average of $70,702. Homes for sale total 207. Population growth is listed as N/A, so this analysis lacks a direct demographic growth signal.

Overall, the 80/100 PropertyIQ Score points to a solid market, but the picture is nuanced. Price momentum is positive, days on market are moderate, and rental performance exceeds the state benchmark. At the same time, local incomes are lower than the state average and a notable share of listings require price cuts. The market is best described as strong, with affordability and negotiation dynamics tempering the headline momentum.

Key Trends

The first trend is positive home value momentum. The 12-month home value momentum of 8.48% and 3-month momentum of 2.39% are top score drivers, indicating recent upward price pressure. The median home value is $233,313, and the reported home value year-over-year change is $4, a minimal dollar change that contrasts with the stronger percentage momentum metrics. This suggests the momentum measures may capture more recent or slightly different pricing dynamics than the raw year-over-year dollar figure.

A second trend is the rental market’s relative strength. The local rent index of $1,228 is $195 above the Missouri average of $1,033. That is a meaningful gap and indicates that rental demand in Fort Leonard Wood is stronger than the statewide norm. For investors, this rental premium may help offset the lower median home value and support cash-flow-oriented purchases.

A third trend is a balanced but not overheated sales pace. The median days on market is 46 days, which is one of the top score drivers. With 207 homes for sale and a 25.1% share of listings with a price cut, the market offers buyers some selection and room to negotiate. The price-cut share suggests that while demand is present, sellers still need to price realistically to attract offers.

A fourth trend is the affordability picture. Median household income is $64,466, below the state average of $70,702, but the median home value of $233,313 is also below the state average of $267,879. This means purchase affordability is somewhat preserved relative to the state. However, the rent index being above the state average may create more pressure for renters than for buyers.

Who Is This Market For

This market is well suited to first-time buyers who are looking for a lower entry price relative to the Missouri average. The median home value of $233,313 is below the state benchmark, and the 25.1% share of listings with a price cut combined with a median days on market of 46 days gives buyers some negotiating room. Households earning near the median income of $64,466 may find the purchase market more approachable than Missouri’s broader market, though incomes are also below the state average.

Investors are another natural fit because the rent index of $1,228 is well above the state average of $1,033. That rental strength, combined with positive 12-month and 3-month home value momentum, supports both income and appreciation-oriented investment strategies. The inventory of 207 homes for sale provides enough supply for investors to evaluate multiple options.

Move-up buyers may also find this market attractive because home values remain below the state average and price momentum is positive. However, the presence of price cuts on about one in four listings means buyers can be selective. The market is less ideal for those who need rapid population growth as a demand signal, since population growth is N/A in the provided data.

Outlook

The data supports a cautiously positive outlook for Fort Leonard Wood. The 12-month home value momentum of 8.48% and the 3-month momentum of 2.39% suggest that upward price pressure has been present, while the median days on market of 46 days indicates steady market activity. The rental index of $1,228, which exceeds the state average, may continue to draw investor interest. At the same time, a 25.1% share of listings with a price cut shows that the market is not overheated, and the lower median household income relative to the state could limit how far prices can stretch. Because population growth is N/A, the demand-side outlook remains incomplete. Overall, current metrics point to continued stability, with positive momentum balanced by realistic pricing conditions.