Why Live in Republic
Republic, located in southwestern Missouri, has experienced significant growth, with a population increase of 27% since 2010. This expansion is driven by job opportunities from major employers like Amazon, which opened a 1.3-million-square-foot fulfillment center in 2021, and the upcoming Walmart pharmaceutical distribution center. The housing market in Republic features a mix of new construction homes in subdivisions like Emerald Valley and Valley Trail, as well as midcentury ranch-style homes in neighborhoods such as Morningside and Birchwood Estates. Home prices range from $140,000 to $500,000, with an average selling price of $314,200. Homes typically sell faster than the national average, staying on the market for about 38 days. The Republic School District is highly rated, serving over 5,000 students, and a new intermediate school is set to open by 2025. For higher education, Ozarks Technical Community College offers various programs. The city boasts a variety of things to do, including Brookline Park with its scenic creek and trails, and The Rush water park, which features a lazy river and slides. Annual events like the Have-A-Blast Patriotic Celebration at J.R. Martin Park are popular among residents. U.S. Route 60 serves as a commercial hub with numerous stores and restaurants, while the historic downtown area is undergoing revitalization efforts. Public transportation is available through OATS, and the Springfield-Branson National Airport is just 12 miles away. Republic is safer than the national average, with declining property crime rates reported by the local police department.
Frequently Asked Questions
What is the average home price in Republic, MO?
Homes for sale in Republic, MO have an average home price of $401,180.
Are home prices dropping in Republic?
Yes, home prices in Republic are down 4% in the last 12 months.
How many homes have sold over the last 12 months in Republic, MO?
500 homes have sold in Republic, MO over the last 12 months.
What are the most popular zip codes in Republic, MO?
How much do you need to make to afford a house in Republic?
The median home price in Republic is $327,450. If you put a 20% down payment of $65,500 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $1,690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $72K a year to afford the median home price in Republic.
How are the schools in Republic, MO?
Home Trends in Republic, MO
On average, homes in Republic, MO sell after 48 days on the market compared to the national average of 50 days. The median sale price for homes in Republic, MO over the last 12 months is $278,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$278,000
Median Single Family Sale Price
$325,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
101
Last 12 months Home Sales
500
Median List Price
$327,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%