Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bollinger County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,696 | $136,017 | $242,182 |
| Price Trend (Annual %) | 15.1% | 5.0% | 8.2% |
| Median Gross Rent | $676 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bollinger County is about 15% higher than in Missouri. Rent is about 32% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bollinger County, up about 15.1% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Bollinger County rose about 19.6% between 2015 and 2023, from $565 to $676. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Bollinger County.
Buying the median-priced home in Bollinger County costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bollinger County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Bollinger County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,696 | $136,017 | $242,182 |
| Median Household Income | $58,183 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bollinger County rose about 42.6%, while median household income rose about 66.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bollinger County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 60.1% | 58.2% |
| Rental Rate | 15.3% | 28.4% | 31.3% |
| Vacancy Rate | 23.0% | 11.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Bollinger County has a homeownership rate of 61.7%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 23.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Bollinger County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1981 | 1977 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Bollinger County was built around 1981. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bollinger County, Missouri.
What is the median home price in Bollinger County, Missouri?
The median home price in Bollinger County, Missouri is $156,696, higher than the Missouri average of $136,017.
What is the average home price in Bollinger County, Missouri?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bollinger County, Missouri?
The median gross rent in Bollinger County, Missouri is $676 per month, lower than the Missouri average of $995.
What was the median gross rent in Bollinger County in 2020?
In 2020, the median gross rent in Bollinger County, Missouri was $687 per month.
What is the price-to-rent ratio in Bollinger County, Missouri?
The price-to-rent ratio in Bollinger County, Missouri is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bollinger County.
Are home prices or rent rising faster in Bollinger County, Missouri?
Both home prices and rent are rising in Bollinger County, up about 15.1% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bollinger County, Missouri?
61.7% of households in Bollinger County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Bollinger County, Missouri?
The housing vacancy rate in Bollinger County, Missouri is 23.0%, higher than the Missouri average of 11.6%.