Section Image

Versailles

Versailles

Located in Morgan County

$270,566 Average Value
$164 Average Price per Sq Ft
24 Homes For Sale

Versailles offers proximity to the largest lake in the Ozarks

Nestled in the foothills, the small town of Versailles is often called the gateway to the Lake of the Ozarks. For homebuyers who want city amenities and lakeside proximity, Versailles is a quieter option than communities like Osage Beach. “It's a great place to raise a family,” says Kelly Gramke, a Realtor with Re/Max Lifestyles and lifelong resident of the area. “You're close enough to the big city amenities, but you can still live the small-town life." Walmart is the largest retailer in town, and the long-running Olde Tyme Apple Festival attracts thousands of visitors every year.

A hot housing market begins to cool down

The rustic streets of Versailles are lined with ranch homes and bungalows built throughout the 1900s. Smaller properties start around $100,000 and get up to $300,000 for modern construction. “For the last few years, houses went so fast that so many buyers, especially young families, were not able to get in,” Gramke says. However, she says inventory has been up recently, with both new construction and more available older homes.
Outside the city limits, homes are still in the Versailles zip code but come with lower taxes and more space to spread out. “People like the proximity of amenities, but the peace of not living right there,” Gramke says. Prices start at around $300,000 for places with a couple of acres. Private estates over 10 acres or houses bordering the Lake of the Ozarks can get up to $450,000. Out here, most homes are on well water and private septic tanks.

City parks and activities at the Lake of the Ozarks

City Park is a central gathering point with a playground, skate park and sports courts that Little Leagues often use. The community-focused park lights up with summertime fireworks and wintertime Christmas decorations. There's also a nearby community pool and a public golf course a few miles away.
However, the main outdoor attraction in the area is the Lake of the Ozarks. The lake is one of the most popular recreational destinations in the Ozark Mountains, with beaches for swimming and marinas for boating that attract millions of visitors each year. On dry land, ATV off-roading trails, cave systems and miles of hiking trails run through state parks. The lake’s northern tip is about 10 miles south of Versailles, and the busy Osage Beach area is about 30 miles away.

Thousands turn out for the Olde Tyme Apple Festival

On the first weekend of October, Versailles' small population of 2,600 surges, with over 30,000 visitors coming to experience the Olde Tyme Apple Festival. This two-day extravaganza includes a parade, a car show and an apple pie-baking competition. Live music and local vendors keep things lively, and farm stands frequently sell out of their fresh hot cider. “It’s one of the largest gatherings in Missouri,” Gramke says. “It takes over everything. So that's one of the biggest draws for the town for sure.”
For the rest of the year, residents can look forward to an annual rodeo, activities at the Morgan County Fairgrounds or daily event programming at the Morgan County Library. The area is also home to several churches, with congregational and community events.

Four-day weeks at Morgan County schools

As part of the Morgan County R-II School District, students attend Versailles Elementary School, which gets a B-minus grade from Niche. Then it’s on to Versailles Middle, rated C-plus, and Versailles High School, rated B-minus. These are the only three schools in the district, and they are all located on one campus within the city. Starting in 2023, the district switched to a four-day school week. Daycare is still provided on most Mondays, even though school is not in session.

Homestyle local restaurants and Mennonite groceries

The Versailles dining scene is homestyle and rustic, with local beers at Bees Knees Brewing Company and a breakfast menu that hasn’t changed much in decades at Pioneer Restaurant. When the weather gets warm, locals look forward to the return of Tilly Sue’s, a Mexican food truck that stops by the city twice a week. “It’s a fabulous food truck that is locally owned,” Gramke says. In addition to shopping at big names like Walmart and Save A Lot, residents can stop by Outdoor Addiction to stock up before hunting or fishing trips.
Versailles is also known for being a center of Mennonite culture and shopping. There are a variety of nearby Mennonite-run stores, including Dutch Country Store and Sunshine Foods. These discount grocery stores are stocked with deals, as well as locally grown products, fresh bread and made-to-order deli sandwiches.

An expanding state route leads out to larger cities

Although there are a few medical offices in Versailles, major hospitals are over 30 miles away in Osage Beach or Sedalia. The closest airport is Columbia Regional Airport, a 60-mile trip. For bigger cities, Jefferson City is typically less than an hour away, and Kansas City is just over two hours by car. In 2025, state Route 52 will expand from two to three lanes, freeing up city traffic flow.

Catherine Lashley
Written By
Catherine Lashley

Interested in learning more about homes in this area? Reach out to Ashlee Martin, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Versailles Housing Trends

Housing Trends

Median List Price
$230,000
Median Sale Price
$214,000
Median Single Family Sale Price
$235,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
68
Median Home Sale Price YoY Change
16%
Average Price Per Sq Ft
$164

Area Facts

Number of Homes in Neighborhood
596
Number of Homes for Sale
24
Median Year Built
1995
Months of Supply
4.20
Average Single Family Home Size Sq Ft
1,689
Below the national average
1,925
Median Lot Size Sq Ft
24,393

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Versailles Has More Owners

Demographics

Total Population
2,305
Median Age
37
Population under 18
27.5%
On par with the national average
23.8%
Population over 65
19%
On par with the national average
19.1%

Finances

Median Household Income
$30,968
Significantly below the national average
$71,702
Average Household Income
$45,759

Education and Workforce

High School Graduates
85%
College Graduates
11.9%
Below the national average
34.1%
Advanced Degrees
4.6%
% Population in Labor Force
46.6%
Below the national average
65.1%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
19°F
Average Summer High Temperature
86°F
Annual Snowfall
14''

Area Factors

Somewhat Bikeable

Bike Score®®

41 / 100

Car-Dependent

Walk Score®®

37 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Versailles