The story of this market
The typical home in ZIP 65037 sells for about $325,000, or $185 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $802 a month.
ZIP 65037 — Laurie
The Gravois Mills housing market remains stable, characterized by a mix of permanent residences and seasonal vacation properties. Market activity is driven by lake-related demand, with limited inventory and moderate price growth observed over the past year.
This area is best suited for retirees, vacation-home buyers, and those seeking a quiet, lake-oriented lifestyle, rather than urban commuters.
Median prices moved up 2.4% year over year.
Homes spend a median of 78 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 13.2% — 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 7.8%/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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 65037, Morgan 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.
Crime rates in the Gravois Mills area are generally low and consistent with rural Missouri trends, with property-related incidents being the primary concern.
The area is served by the Morgan County R-II School District, which provides standard public education services for the rural community.
The ZIP code is located in a region with moderate flood risk near the Lake of the Ozarks shoreline and requires standard property insurance coverage for wind and storm damage.
Economic momentum is primarily driven by seasonal tourism and the recreational industry surrounding the Lake of the Ozarks, with limited large-scale industrial development.
Property taxes are assessed at the county level by the Morgan County Assessor; the rate includes local school district levies and county-wide services.
Commuting is primarily car-dependent, with residents traveling to nearby towns like Versailles or Osage Beach for employment and services.
The area is a major recreational hub featuring extensive access to the Lake of the Ozarks for boating, fishing, and water sports, alongside local parks and nature trails.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to tighter availability during peak summer months.
The local economy is anchored by the tourism, hospitality, and retail sectors serving the Lake of the Ozarks region.
Transportation is entirely road-based, relying on state highways to connect the rural community to regional hubs.
Development is largely constrained by topography and environmental regulations, with limited new large-scale construction projects.
The Morgan County Assessor maintains property valuations based on periodic market assessments and state-mandated guidelines.
Parcels are subject to local school district taxes and potential fire protection district assessments.
Property insurance premiums are influenced by proximity to the lake and regional weather patterns, including storm and wind exposure.
Data retrieved from data.census.gov 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.
Major regional attraction for boating, fishing, and recreation.
Provides direct boat launch and lake access for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.