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 | Clark County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,218 | $136,017 | $242,182 |
| Price Trend (Annual %) | 0.6% | 5.0% | 8.2% |
| Median Gross Rent | $588 | $995 | $1,342 |
| Rent Trend (Annual %) | 1.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clark County is about 10% higher than in Missouri. Rent is about 41% 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 Clark County, up about 0.6% and 1.7% a year respectively. Rent is changing faster.
Median rent in Clark County rose about 18.7% between 2015 and 2023, from $496 to $588. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Clark County.
Buying the median-priced home in Clark County costs roughly 21.1 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 Clark County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Clark County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,218 | $136,017 | $242,182 |
| Median Household Income | $51,832 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clark County fell about 2.7%, while median household income rose about 29.8% 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 | Clark County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 60.1% | 58.2% |
| Rental Rate | 15.1% | 28.4% | 31.3% |
| Vacancy Rate | 29.9% | 11.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Clark County has a homeownership rate of 55.0%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 29.9%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Clark County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1969 | 1977 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Clark County was built around 1969. On average, 2.9 people live in a home with about 5.6 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clark County, Missouri.
What is the median home price in Clark County, Missouri?
The median home price in Clark County, Missouri is $149,218, higher than the Missouri average of $136,017.
What is the average home price in Clark 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 Clark County, Missouri?
The median gross rent in Clark County, Missouri is $588 per month, lower than the Missouri average of $995.
What was the median gross rent in Clark County in 2020?
In 2020, the median gross rent in Clark County, Missouri was $601 per month.
What is the price-to-rent ratio in Clark County, Missouri?
The price-to-rent ratio in Clark County, Missouri is about 21.1, meaning it would take roughly 21.1 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 Clark County.
Are home prices or rent rising faster in Clark County, Missouri?
Both home prices and rent are rising in Clark County, up about 0.6% and 1.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Clark County, Missouri?
55.0% of households in Clark County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Clark County, Missouri?
The housing vacancy rate in Clark County, Missouri is 29.9%, higher than the Missouri average of 11.6%.