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 | Daviess County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,333 | $136,017 | $242,182 |
| Price Trend (Annual %) | 14.4% | 5.0% | 8.2% |
| Median Gross Rent | $731 | $995 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Daviess County is about 31% lower than in Missouri. Rent is about 27% 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 Daviess County, up about 14.4% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Daviess County rose about 29.3% between 2015 and 2023, from $565 to $731. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Daviess County.
Buying the median-priced home in Daviess County costs roughly 10.6 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 Daviess County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Daviess County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,333 | $136,017 | $242,182 |
| Median Household Income | $60,724 | $69,051 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Daviess County rose about 3.1%, while median household income rose about 58.9% 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 | Daviess County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.6% | 60.1% | 58.2% |
| Rental Rate | 16.6% | 28.4% | 31.3% |
| Vacancy Rate | 25.8% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Daviess County has a homeownership rate of 57.6%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 25.8%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Daviess County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1975 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Daviess County was built around 1975. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Daviess County, Missouri.
What is the median home price in Daviess County, Missouri?
The median home price in Daviess County, Missouri is $93,333, lower than the Missouri average of $136,017.
What is the average home price in Daviess 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 Daviess County, Missouri?
The median gross rent in Daviess County, Missouri is $731 per month, lower than the Missouri average of $995.
What was the median gross rent in Daviess County in 2020?
In 2020, the median gross rent in Daviess County, Missouri was $625 per month.
What is the price-to-rent ratio in Daviess County, Missouri?
The price-to-rent ratio in Daviess County, Missouri is about 10.6, meaning it would take roughly 10.6 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 Daviess County.
Are home prices or rent rising faster in Daviess County, Missouri?
Both home prices and rent are rising in Daviess County, up about 14.4% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Daviess County, Missouri?
57.6% of households in Daviess County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Daviess County, Missouri?
The housing vacancy rate in Daviess County, Missouri is 25.8%, higher than the Missouri average of 11.6%.