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 | Dallas County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $136,017 | $242,182 |
| Price Trend (Annual %) | 53.1% | 5.0% | 8.2% |
| Median Gross Rent | $684 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dallas County is about 157% higher than in Missouri. Rent is about 31% 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 Dallas County, up about 53.1% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Dallas County rose about 13.8% between 2015 and 2023, from $601 to $684. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Dallas County.
Buying the median-priced home in Dallas County costs roughly 42.6 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 Dallas County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Dallas County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $136,017 | $242,182 |
| Median Household Income | $53,959 | $69,051 | $78,145 |
| Price-to-Income Ratio | 6.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dallas County rose about 338.3%, while median household income rose about 57.2% between 2009 and 2023 — 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 | Dallas County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.2% | 60.1% | 58.2% |
| Rental Rate | 20.8% | 28.4% | 31.3% |
| Vacancy Rate | 13.0% | 11.6% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Dallas County has a homeownership rate of 66.2%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 13.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Dallas County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1983 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Dallas County was built around 1983. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dallas County, Missouri.
What is the median home price in Dallas County, Missouri?
The median home price in Dallas County, Missouri is $350,000, higher than the Missouri average of $136,017.
What is the average home price in Dallas 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 Dallas County, Missouri?
The median gross rent in Dallas County, Missouri is $684 per month, lower than the Missouri average of $995.
What was the median gross rent in Dallas County in 2020?
In 2020, the median gross rent in Dallas County, Missouri was $561 per month.
What is the price-to-rent ratio in Dallas County, Missouri?
The price-to-rent ratio in Dallas County, Missouri is about 42.6, meaning it would take roughly 42.6 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 Dallas County.
Are home prices or rent rising faster in Dallas County, Missouri?
Both home prices and rent are rising in Dallas County, up about 53.1% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dallas County, Missouri?
66.2% of households in Dallas County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Dallas County, Missouri?
The housing vacancy rate in Dallas County, Missouri is 13.0%, higher than the Missouri average of 11.6%.