Matthews, Missouri.
Typical home $136,889 (+2.9% in a year).
to buy the typical home at today's mortgage rate — +$423 (+143%) since Jan 2020.
- 1 year
- Up $3,810 +3%
- $133,079$136,889 since Sep 2025
- 5 years
- Up $34,584 +34%
- $102,304$136,889 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Matthews$718
- Missouri$1,393
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Matthews, MO rose 2.9% over the past year — faster than the nation's +1.2%.
Living in Matthews, New Madrid County, Missouri
Matthews is a city of 534 people in New Madrid County. Unemployment in New Madrid County was 5.0% in August 2026, and the county had 1.3% fewer jobs in 2025 than the year before. The most people in New Madrid County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Matthews is a very small city in New Madrid County, in the Missouri Bootheel, where the population is small and homes are inexpensive. Incomes across the county are modest, and very few adults in town hold a four-year degree. Winters are cool and summers are hot, with snow a rare event and plenty of rain through the year.
Work. Residents work mostly in schools, hospitals and social care, with many others in manufacturing, shops, and transport, warehouses and utilities. Across New Madrid County, some of the largest workplaces are SRG Global Coatings, the New Madrid County R-I school district and the Associated Electric Cooperative New Madrid Power Plant. The county has lost a few jobs over the past year, and unemployment has eased a little but remains fairly high. A typical commute is short.
Things to do. Reelfoot Lake is a lake with a state park of the same name, both a longer drive away, and it draws people who like water, wildlife and quiet. Big Oak Tree State Park, also a longer drive away, protects an area of old bottomland forest. Hunter-Dawson State Historic Site is another protected area a longer drive away, and it gives a look at the region's history.
Report a mistake
- 4%of adults have a degree
- 20 mintypical commute
What people in New Madrid County work in
Employed residents by industry, from the Census survey. New Madrid County had 7,405 jobs in 2025, 1.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 44° and lows near 28°; warmest in July, with highs near 91° and lows near 71°. About 3 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Sikeston Pwr Station weather station, 9 miles away (NOAA).
Largest workplaces in New Madrid County
- SRG Global CoatingsChrome plating metals and metal products for the trade329
- Moss & AssociatesSolar power structure construction208
- New Madrid Co. R-I SchoolsSchool district201FTE
- Associated Electric Cooperative Inc. New Madrid Power PlantPower generation, fossil fuel, electric178
- Alubar Metals MissouriCommunications wire or cable made in aluminum wire drawing plants138
- S&J Potashnick TransGeneral freight trucking, long-distance, truckload104
- Refresco BeveragesCarbonated soft drinks manufacturing101
- Portageville SchoolsSchool district92FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 15 workplaces with 20 or more staff, 1,482 people in all across the county; Matthews has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesVery high
- Ice stormsVery high
- Strong windVery high
- Heat wavesVery high
- Winter weatherVery high
- TornadoesVery high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Matthews’ census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on New Madrid County.
Matthews home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Matthews$136,889
- Missouri$265,387
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Matthews6
Zip codes with a Matthews address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Matthews — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.