Boone County, Missouri Housing Market Prices
Boone County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 71% above the Missouri median More expensive than 89% of counties in Missouri$248,529
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Median rent 5% above the Missouri median More expensive than 94% of counties in Missouri$1,087
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $248,529 | $145,462 | $248,835 |
| Price Trend (Annual %) | 6.6% | 5.2% | 7.5% |
| Median Gross Rent | $1,087 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boone County is about 71% higher than in Missouri. Rent is about 5% higher than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Boone County, up about 6.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Boone County rose about 36.9% between 2015 and 2024, from $794 to $1,087. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Boone County.
Buying the median-priced home in Boone County costs roughly 19.0 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 Boone County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $248,529 | $145,462 | $248,835 |
| Median Household Income | $72,634 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boone County rose about 65.4%, while median household income rose about 57.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.1% | 60.5% | 58.5% |
| Rental Rate | 39.6% | 28.3% | 31.2% |
| Vacancy Rate | 6.3% | 11.2% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Boone County has a homeownership rate of 54.1%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 6.3%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1990 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Boone County was built around 1990. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Boone County, MO Housing Compared With Nearby Counties
How Boone County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Boone County, MO | 188,044 | $248,529 #1/3 | $1,087 #1/3 | 57.7% #3/3 |
| Callaway County, MO | 44,740 | $217,592 | $886 | 75.5% |
| Cole County, MO | 77,032 | $233,853 | $834 | 67.9% |
Frequently Asked Questions
Common questions about the housing market in Boone County, Missouri.
What is the median home price in Boone County, Missouri?
The median home price in Boone County, Missouri is $248,529, higher than the Missouri average of $145,462.
What is the average home price in Boone County, Missouri?
The typical home price in Boone County, Missouri, reported as the median sale price, is $248,529. 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 Boone County, Missouri?
The median gross rent in Boone County, Missouri is $1,087 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Boone County in 2020?
In 2020, the median gross rent in Boone County, Missouri was $887 per month.
What is the price-to-rent ratio in Boone County, Missouri?
The price-to-rent ratio in Boone County, Missouri is about 19.0, meaning it would take roughly 19.0 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 Boone County.
Are home prices or rent rising faster in Boone County, Missouri?
Both home prices and rent are rising in Boone County, up about 6.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boone County, Missouri?
54.1% of households in Boone County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Boone County, Missouri?
The housing vacancy rate in Boone County, Missouri is 6.3%, lower than the Missouri average of 11.2%.
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