The story of this market
The typical home in ZIP 63868 sells for about $73,807, or $55 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $525 a month.
ZIP 63868 — Morehouse
The housing market in 63868 is characterized by low inventory and very limited sales activity, reflecting a stable but stagnant rural market. Prices remain highly affordable compared to state averages, driven by low demand and limited economic growth. Most data points are sourced from recent census and regional market reports; specific active listing counts and sales figures are constrained by the small size of the market.
This ZIP is best suited for budget-conscious buyers and long-term residents seeking affordable small-town living in rural Missouri.
Median prices moved up 2.5% year over year.
Homes spend a median of 112 days on market with 4.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.8% · poverty 17.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 63868, New Madrid County MO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Local schools are served by the Sikeston R-VI School District, which generally maintains average performance metrics for the region.
The area is located in a region with moderate flood risk associated with the Mississippi River basin and requires standard property insurance coverage.
Economic momentum is limited, with the local economy primarily supported by agricultural services and small-scale retail.
Property taxes are assessed by New Madrid County based on local millage rates, which include funding for school districts and county services.
Residents primarily commute by car to nearby employment hubs in Sikeston or Cape Girardeau via US-60.
Recreational options are limited to small local parks and community facilities, with larger regional amenities located in Sikeston.
The rental market is characterized by low inventory and high demand for affordable housing, with limited new development.
The local economy is heavily reliant on agriculture and regional logistics, with most major employment located in neighboring Sikeston.
Transportation is entirely dependent on private vehicles, with US-60 serving as the primary arterial highway.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
The New Madrid County Assessor manages property valuations, typically reassessing on a biennial cycle.
Parcels are subject to standard county and school district levies, with no active MUD or PID districts reported.
Property insurance premiums are stable but reflect the regional risk profile for wind and storm damage.
Missouri is a non-judicial foreclosure state, allowing for relatively rapid trustee sales following default.
Missouri requires sellers to provide a property disclosure statement, though the scope is limited compared to other states.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Local community park providing basic outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.