Lockwood, MO
Population 862 · Missouri
About Lockwood, MO
Lockwood is a small community located in Missouri with a population of 862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,578 per year, which is 35% below the national median of $75,149. The median age of 55.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lockwood features a median home value of $87,800, which is 64% below the national median of $244,900. This makes Lockwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $800, 31% below the national average of $1,163/month. Of the 452 total housing units, 74% are owner-occupied (272 units) and 26% are renter-occupied (97 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lockwood shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.9%, above the national average of 12.4%. Workers in Lockwood have an average one-way commute time of 18.1 minutes, one of the shorter commutes in the region.
Education & Demographics
14.1% of Lockwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 4.9% Hispanic or Latino, 0.0% Black or African American, and 2.2% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Lockwood, MO
Compared to national averages, Lockwood has a median household income of $48,578 (35% below the national median of $75,149). Home values average $87,800, which is 64% below the national median. Monthly rent at $800 is 31% below the US average of $1,163. Within Missouri, Lockwood's income is 20% below the state average of $61,047, and home values are 42% below the state median of $150,786.
Why Live in Lockwood, MO?
Lockwood offers affordable housing with a median home value of $87,800, below the US average of $244,900, and rent that’s lower than the national average at $800/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features short commute times averaging just 18.1 minutes.
Potential considerations include median household income ($48,578) that falls below the national average. However, Lockwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lockwood has a population of 862 with a median age of 55.3 years. Compare Lockwood with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Lockwood
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oregon | 865 | $61,167 | $105,600 | Compare |
| Waverly | 854 | $48,000 | $107,500 | Compare |
| Innsbrook | 872 | $144,250 | $459,500 | Compare |
| Russellville | 875 | $56,458 | $150,700 | Compare |
| Cardwell | 846 | $17,917 | $44,700 | Compare |
| Southwest City | 845 | $38,750 | $67,200 | Compare |
| Leadington | 842 | $36,402 | $175,000 | Compare |
| La Grange | 834 | $55,000 | $88,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lockwood With Other Cities
Frequently Asked Questions about Lockwood
What is the population of Lockwood, MO?
The population of Lockwood, MO is 862 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Lockwood?
The median household income in Lockwood, MO is $48,578 per year, which is 35% below the national median of $75,149.
What is the median home value in Lockwood?
The median home value in Lockwood, MO is $87,800, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lockwood?
The median monthly rent in Lockwood, MO is $800, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Lockwood?
The unemployment rate in Lockwood, MO is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lockwood, MO a good place to live?
Lockwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 862 and a median age of 55.3, the city appeals to established professionals and retirees.
How educated is Lockwood, MO?
14.1% of residents in Lockwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lockwood?
Key cost-of-living indicators for Lockwood, MO: median home value is $87,800 (64% below national), median rent is $800/month, and median household income is $48,578. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lockwood?
The poverty rate in Lockwood, MO is 12.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lockwood, MO?
Lockwood's population is 0.8% White, 4.9% Hispanic or Latino, 0.0% Black or African American, 2.2% Asian, and 0.0% two or more races. 2.1% of residents are foreign-born.