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 | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,358 | $136,017 | $242,182 |
| Price Trend (Annual %) | 0.2% | 5.0% | 8.2% |
| Median Gross Rent | $540 | $995 | $1,342 |
| Rent Trend (Annual %) | 0.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chariton County is about 102% higher than in Missouri. Rent is about 46% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Chariton County, up about 0.2% and 0.8% a year respectively. Rent is changing faster.
Median rent in Chariton County rose about 7.1% between 2015 and 2023, from $504 to $540. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Chariton County.
Buying the median-priced home in Chariton County costs roughly 42.4 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 Chariton County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,358 | $136,017 | $242,182 |
| Median Household Income | $62,093 | $69,051 | $78,145 |
| Price-to-Income Ratio | 4.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2023, the median home price in Chariton County rose about 0.6%, while median household income rose about 51.1% 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 | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 60.1% | 58.2% |
| Rental Rate | 13.4% | 28.4% | 31.3% |
| Vacancy Rate | 30.1% | 11.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Chariton County has a homeownership rate of 56.6%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 30.1%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1971 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Chariton County was built around 1971. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chariton County, Missouri.
What is the median home price in Chariton County, Missouri?
The median home price in Chariton County, Missouri is $274,358, higher than the Missouri average of $136,017.
What is the average home price in Chariton 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 Chariton County, Missouri?
The median gross rent in Chariton County, Missouri is $540 per month, lower than the Missouri average of $995.
What was the median gross rent in Chariton County in 2020?
In 2020, the median gross rent in Chariton County, Missouri was $504 per month.
What is the price-to-rent ratio in Chariton County, Missouri?
The price-to-rent ratio in Chariton County, Missouri is about 42.4, meaning it would take roughly 42.4 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 Chariton County.
Are home prices or rent rising faster in Chariton County, Missouri?
Both home prices and rent are rising in Chariton County, up about 0.2% and 0.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Chariton County, Missouri?
56.6% of households in Chariton County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Chariton County, Missouri?
The housing vacancy rate in Chariton County, Missouri is 30.1%, higher than the Missouri average of 11.6%.