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 | Dade County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,035 | $136,017 | $242,182 |
| Price Trend (Annual %) | -5.4% | 5.0% | 8.2% |
| Median Gross Rent | $649 | $995 | $1,342 |
| Rent Trend (Annual %) | 1.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dade County is about 79% lower than in Missouri. Rent is about 35% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Dade County: home prices fell about 5.4% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
Median rent in Dade County rose about 9.3% between 2015 and 2023, from $593 to $649. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Dade County.
Buying the median-priced home in Dade County costs roughly 3.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dade County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Dade County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,035 | $136,017 | $242,182 |
| Median Household Income | $49,869 | $69,051 | $78,145 |
| Price-to-Income Ratio | 0.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dade County fell about 66.7%, while median household income rose about 54.5% 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 | Dade County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 60.1% | 58.2% |
| Rental Rate | 18.9% | 28.4% | 31.3% |
| Vacancy Rate | 19.8% | 11.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Dade County has a homeownership rate of 61.2%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 19.8%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Dade County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1976 | 1977 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Dade County was built around 1976. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dade County, Missouri.
What is the median home price in Dade County, Missouri?
The median home price in Dade County, Missouri is $28,035, lower than the Missouri average of $136,017.
What is the average home price in Dade 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 Dade County, Missouri?
The median gross rent in Dade County, Missouri is $649 per month, lower than the Missouri average of $995.
What was the median gross rent in Dade County in 2020?
In 2020, the median gross rent in Dade County, Missouri was $604 per month.
What is the price-to-rent ratio in Dade County, Missouri?
The price-to-rent ratio in Dade County, Missouri is about 3.6, meaning it would take roughly 3.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dade County.
Are home prices or rent rising faster in Dade County, Missouri?
Home prices and rent are moving in opposite directions in Dade County: home prices fell about 5.4% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Dade County, Missouri?
61.2% of households in Dade County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Dade County, Missouri?
The housing vacancy rate in Dade County, Missouri is 19.8%, higher than the Missouri average of 11.6%.