Carter County, Missouri Housing Market Prices
Carter 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 26% above the Missouri median More expensive than 73% of counties in Missouri$183,088
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Median rent 37% below the Missouri median Cheaper than 77% of counties in Missouri$656
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carter County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,088 | $145,462 | $248,835 |
| Price Trend (Annual %) | 46.3% | 5.2% | 7.5% |
| Median Gross Rent | $656 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carter County is about 26% higher than in Missouri. Rent is about 37% 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 Carter County, up about 46.3% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Carter County rose about 23.1% between 2015 and 2024, from $533 to $656. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Carter County.
Buying the median-priced home in Carter County costs roughly 23.3 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 Carter County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Carter County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,088 | $145,462 | $248,835 |
| Median Household Income | $50,000 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carter County rose about 684.7%, while median household income rose about 88.0% 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 | Carter County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.2% | 60.5% | 58.5% |
| Rental Rate | 29.9% | 28.3% | 31.2% |
| Vacancy Rate | 23.8% | 11.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Carter County has a homeownership rate of 46.2%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 23.8%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Carter County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1983 | 1978 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Carter County was built around 1983. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Carter County, Missouri.
What is the median home price in Carter County, Missouri?
The median home price in Carter County, Missouri is $183,088, higher than the Missouri average of $145,462.
What is the average home price in Carter County, Missouri?
The typical home price in Carter County, Missouri, reported as the median sale price, is $183,088. 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 Carter County, Missouri?
The median gross rent in Carter County, Missouri is $656 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Carter County in 2020?
In 2020, the median gross rent in Carter County, Missouri was $566 per month.
What is the price-to-rent ratio in Carter County, Missouri?
The price-to-rent ratio in Carter County, Missouri is about 23.3, meaning it would take roughly 23.3 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 Carter County.
Are home prices or rent rising faster in Carter County, Missouri?
Both home prices and rent are rising in Carter County, up about 46.3% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carter County, Missouri?
46.2% of households in Carter County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Carter County, Missouri?
The housing vacancy rate in Carter County, Missouri is 23.8%, higher than the Missouri average of 11.2%.
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