c.1947 Affordable Missouri Home For Sale $40K
$40,000
Cozy and inviting, this 2-bedroom, 1-bath affordable Missouri home sits on an oversized lot—offering comfort inside and plenty of space outside.
Realtor Comments
Home Has Kitchen, Dining Area & Living Room. An Enclosed Front Porch Is A Nice Feature To This Home & Well As The Attached Garage. Priced To Own TODAY! This Property Is Managed By OLYMPUSAMS Case #292-599109 HUD Homes Are Sold AS IS. www.HudHomeStore.gov
- 2bed
- 1bath
- Circa 1947
2800 State Highway Y, Kennett, MO 63857 $40,000
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Realtor: Gina R Miller
Pros
1. Very Affordable Housing & Living Costs
Median home value is around $90K–$104K, and typical rents hover around $550–600/month, significantly below national averages
Daily expenses—housing, groceries, utilities—are approximately 10–20% lower than U.S. averages .
2. High Homeownership & Stable Property Values
Around 60% of residents own their homes .
Properties score well in value (Niche rating B+), and real estate appreciation is healthy
3. Strong Local Employment Base & Commute Ease
Kennett earns an “A” for employment due to stable agricultural, manufacturing, and healthcare sectors; median household income rose to ~$53K in 2023
Average commute is short—around 17–20 minutes
4. Vibrant Small-Town Community
Niche gives a “B–” overall rating; Kennett boasts a tight-knit vibe and strong diversity (A–)
Residents often note friendly community events like holiday festivals and fall gatherings .
⚠️ Cons
1. Elevated Crime Rates
Overall crime stands at ~42 per 1,000 residents, with violent crime ~1 in 171 and property crime ~1 in 28—higher than 94% of U.S. communities
BestPlaces classifies violent crime at ~37.2/100k (vs. 22.7 average) and property crime 87.7/100k (vs. 35.4)
2. Economic Hardship & Lower Income Levels
Poverty rate hovers around 20–23%, and median income (
$40–53K) remains below the national median ($78K) .Educational attainment is modest: only about 12% of adults hold a bachelor’s degree .
3. Limited Amenities & Infrastructure
Few shopping, entertainment, or healthcare facilities locally—many residents travel to Cape Girardeau or Memphis for services
The hospital in Kennett closed in 2018, making emergency services less accessible
Public transit is minimal, though the main highway provides decent connectivity .
4. Social & Cultural Limitations
The local culture is described by some as deeply Southern and traditional—some residents express concerns about social acceptance and diversity of ideas .
Outdoor recreation and nightlife are limited; entertainment often requires lengthy drives .
