Cole County, Missouri Housing Market Prices
Cole 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 61% above the Missouri median More expensive than 87% of counties in Missouri$233,853
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Median rent 19% below the Missouri median More expensive than 75% of counties in Missouri$834
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cole County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,853 | $145,462 | $248,835 |
| Price Trend (Annual %) | 10.5% | 5.2% | 7.5% |
| Median Gross Rent | $834 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cole County is about 61% higher than in Missouri. Rent is about 19% 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 Cole County, up about 10.5% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Cole County rose about 36.4% between 2015 and 2024, from $611 to $834. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Cole County.
Buying the median-priced home in Cole County costs roughly 23.4 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 Cole County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Cole County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,853 | $145,462 | $248,835 |
| Median Household Income | $74,830 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cole County rose about 110.8%, while median household income rose about 33.8% 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 | Cole County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 60.5% | 58.5% |
| Rental Rate | 29.8% | 28.3% | 31.2% |
| Vacancy Rate | 7.3% | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Cole County has a homeownership rate of 62.9%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 7.3%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Cole County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1984 | 1978 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Cole County was built around 1984. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Cole County, MO Housing Compared With Nearby Counties
Cole County, MO is the 2nd largest of the 4 counties compared here, 77,032 residents against a local median of 44,740. Cole County, MO sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is homeownership, 8% below the local median at 67.9% against 73.9%. Cole County, MO has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cole County, MO | 77,032 | $233,853 #2/4 | $834 #3/4 | 67.9% #3/4 |
| Miller County, MO | 25,269 | $169,696 | $763 | 73.9% |
| Callaway County, MO | 44,740 | $217,592 | $886 | 75.5% |
| Boone County, MO | 188,044 | $248,529 | $1,087 | 57.7% |
Frequently Asked Questions
Common questions about the housing market in Cole County, Missouri.
What is the median home price in Cole County, Missouri?
The median home price in Cole County, Missouri is $233,853, higher than the Missouri average of $145,462.
What is the average home price in Cole County, Missouri?
The typical home price in Cole County, Missouri, reported as the median sale price, is $233,853. 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 Cole County, Missouri?
The median gross rent in Cole County, Missouri is $834 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Cole County in 2020?
In 2020, the median gross rent in Cole County, Missouri was $687 per month.
What is the price-to-rent ratio in Cole County, Missouri?
The price-to-rent ratio in Cole County, Missouri is about 23.4, meaning it would take roughly 23.4 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 Cole County.
Are home prices or rent rising faster in Cole County, Missouri?
Both home prices and rent are rising in Cole County, up about 10.5% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cole County, Missouri?
62.9% of households in Cole County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Cole County, Missouri?
The housing vacancy rate in Cole County, Missouri is 7.3%, lower than the Missouri average of 11.2%.
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