The story of this market
The typical home in ZIP 65248 sells for about $238,006, or $73 per square foot.
Prices are up +11% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $963 a month.
ZIP 65248 — Fayette
The 65248 housing market is currently balanced, with home values showing steady appreciation of 11% year-over-year. Market activity is moderate, with a median home value of $238,006 and limited inventory, requiring careful negotiation for buyers. The area remains affordable relative to regional hubs, though investors should note the specific management requirements of this local market.
This ZIP is suitable for local employees, university-affiliated individuals, and buyers seeking a small-town environment within commuting distance of larger regional hubs.
Median prices moved up 11.0% year over year.
Homes spend a median of 37 days on market with 40.0 months of supply — a balanced-paced market.
10% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 12.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 65248, Howard County MO
The area is served by the Fayette R-III School District, which provides public education for the local community.
The local economy is anchored by Central Methodist University and proximity to regional employment hubs in Columbia and Boonville.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Missouri) — Occupancy Law Property Tax Proration: Allows for the assessment and taxation of newly constructed residential property starting the first month following occupancy, and pro rata removal from tax rolls for improvements destroyed by natural disaster. State (Missouri) — Residential Property Tax Assessment: Residential property is assessed at 19% of its true market value. The formula is: (Market Value * 0.19) * Local Tax Rate = Annual Tax Liability.
Residents typically commute to Columbia (approx. 35 minutes) or Boonville (approx. 25 minutes) for employment.
The area features local parks and proximity to the Fayette square, with broader recreational and shopping amenities accessible in nearby Columbia.
The rental market is characterized by a median rent of $963, with demand supported by the local university presence.
The economy is driven by education, specifically Central Methodist University, and regional service sectors.
Transportation is primarily automobile-dependent, with access to regional corridors connecting to Columbia and Boonville.
Parcels are subject to Howard County and Fayette R-III School District levies.
Data retrieved from U.S. Census Bureau ACS 2024 5-year estimates for ZCTA 65248.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
A private university serving as a major local anchor and cultural hub.
The central commercial and historic district of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.