Callaway County, Missouri Housing Market Prices
Callaway 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 50% above the Missouri median More expensive than 82% of counties in Missouri$217,592
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Median rent 14% below the Missouri median More expensive than 79% of counties in Missouri$886
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Callaway County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,592 | $145,462 | $248,835 |
| Price Trend (Annual %) | 51.6% | 5.2% | 7.5% |
| Median Gross Rent | $886 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Callaway County is about 50% higher than in Missouri. Rent is about 14% lower 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 Callaway County, up about 51.6% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Callaway County rose about 36.5% between 2015 and 2024, from $649 to $886. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Callaway County.
Buying the median-priced home in Callaway County costs roughly 20.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Callaway County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Callaway County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,592 | $145,462 | $248,835 |
| Median Household Income | $73,833 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Callaway County rose about 152.4%, while median household income rose about 40.6% 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 | Callaway County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 60.5% | 58.5% |
| Rental Rate | 21.6% | 28.3% | 31.2% |
| Vacancy Rate | 11.6% | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Callaway County has a homeownership rate of 66.8%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 11.6%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Callaway County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1983 | 1978 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Callaway County was built around 1983. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Callaway County, MO Housing Compared With Nearby Counties
Callaway County, MO is typical in size for this group, 44,740 residents against a local median of 50,790, so the measures below are close to a like for like comparison. The measure that sets Callaway County, MO apart most is median home price: $217,592, 30% above the local median of $166,927.
The counties themselves spread $156,029 on median home price, so Callaway County, MO sits at one end of an already wide local range rather than apart from it. Callaway County, MO has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Callaway County, MO | 44,740 | $217,592 #3/5 | $886 #2/5 | 75.5% #1/5 |
| Audrain County, MO | 24,548 | $100,000 | $692 | 71.8% |
| Boone County, MO | 188,044 | $248,529 | $1,087 | 57.7% |
| Montgomery County, MO | 11,426 | $92,500 | $788 | 73.4% |
| Cole County, MO | 77,032 | $233,853 | $834 | 67.9% |
Frequently Asked Questions
Common questions about the housing market in Callaway County, Missouri.
What is the median home price in Callaway County, Missouri?
The median home price in Callaway County, Missouri is $217,592, higher than the Missouri average of $145,462.
What is the average home price in Callaway County, Missouri?
The typical home price in Callaway County, Missouri, reported as the median sale price, is $217,592. 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 Callaway County, Missouri?
The median gross rent in Callaway County, Missouri is $886 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Callaway County in 2020?
In 2020, the median gross rent in Callaway County, Missouri was $719 per month.
What is the price-to-rent ratio in Callaway County, Missouri?
The price-to-rent ratio in Callaway County, Missouri is about 20.5, meaning it would take roughly 20.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Callaway County.
Are home prices or rent rising faster in Callaway County, Missouri?
Both home prices and rent are rising in Callaway County, up about 51.6% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Callaway County, Missouri?
66.8% of households in Callaway County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Callaway County, Missouri?
The housing vacancy rate in Callaway County, Missouri is 11.6%, higher than the Missouri average of 11.2%.
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