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Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Missouri?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Missouri is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Missouri

Home values have been rising throughout Missouri and are up 4.77% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $162,400, Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.57%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.57% and the median home price for Missouri at $162,400, a representative monthly mortgage payment would be $736.

How the Missouri housing market stacks up

The Gateway Arch in St. Louis, Missouri
James Roblee / Shutterstock
The Gateway Arch in St. Louis, Missouri

Property values in Missouri are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Missouri, they're expected to rise 2.15%.

Homes are going on the market in Missouri at a median price of $114 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Missouri home prices over the last 10 years

Year Avg. Price
2019* $162,663
2018 $154,525
2017 $143,775
2016 $136,392
2015 $130,067
2014 $126,175
2013 $123,658
2012 $121,500
2011 $123,983
2010 $128,883
2009 $132,242

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Missouri is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $285,000
2018 $272,500
2017 $252,500
2016 $240,000
2015 $227,500
2014 $220,000
2013 $215,000
2012 $210,000
2011 $215,000
2010 $227,500
2009 $230,000

*2019 price average through August 2019.