Novelty, MO
Population 103 · Missouri
About Novelty, MO
Novelty is a small community in Missouri with a population of 103 residents. The median household income is $83,409 per year, which is above the national average. The median age in Novelty is 38.8 years.
Housing in Novelty has a median home value of $67,500 and median monthly rent of $0. Of the 65 total housing units, the majority are owner-occupied, with 27 owner-occupied and 11 renter-occupied units.
The unemployment rate in Novelty is 0.0% and the poverty rate is 5.8%. 16.9% of residents hold a bachelor's degree or higher. The average commute time is 11.8 minutes.
Cost of Living in Novelty, MO
Compared to national averages, Novelty has a median household income of $83,409 (11% above the national median of $75,149). Home values average $67,500, which is 72% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Missouri, Novelty's income is 37% above the state average of $61,047, and home values are 55% below the state median of $150,786.
Why Live in Novelty, MO?
Novelty offers a strong local economy with a median household income of $83,409, well above the national average, and affordable housing with a median home value of $67,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.8%, better than the national average, and short commute times averaging just 11.8 minutes.
Novelty has a population of 103 with a median age of 38.8 years. Compare Novelty with other cities to see how it stacks up, or explore all cities in Missouri.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Novelty
What is the population of Novelty, MO?
The population of Novelty, MO is 103 according to the latest Census data.
What is the median household income in Novelty?
The median household income in Novelty, MO is $83,409 per year.
What is the median home value in Novelty?
The median home value in Novelty, MO is $67,500.
What is the average rent in Novelty?
The median monthly rent in Novelty, MO is $0.
What is the unemployment rate in Novelty?
The unemployment rate in Novelty, MO is 0.0%.