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 | Dunklin County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,999 | $136,017 | $242,182 |
| Price Trend (Annual %) | 14.5% | 5.0% | 8.2% |
| Median Gross Rent | $631 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dunklin County is about 27% lower than in Missouri. Rent is about 37% 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 Dunklin County, up about 14.5% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Dunklin County rose about 29.1% between 2015 and 2023, from $489 to $631. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Dunklin County.
Buying the median-priced home in Dunklin County costs roughly 13.1 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 Dunklin County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Dunklin County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,999 | $136,017 | $242,182 |
| Median Household Income | $47,876 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dunklin County rose about 122.7%, while median household income rose about 64.0% 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 | Dunklin County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 60.1% | 58.2% |
| Rental Rate | 31.7% | 28.4% | 31.3% |
| Vacancy Rate | 17.0% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Dunklin County has a homeownership rate of 51.3%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 17.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Dunklin County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1972 | 1977 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Dunklin County was built around 1972. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dunklin County, Missouri.
What is the median home price in Dunklin County, Missouri?
The median home price in Dunklin County, Missouri is $98,999, lower than the Missouri average of $136,017.
What is the average home price in Dunklin 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 Dunklin County, Missouri?
The median gross rent in Dunklin County, Missouri is $631 per month, lower than the Missouri average of $995.
What was the median gross rent in Dunklin County in 2020?
In 2020, the median gross rent in Dunklin County, Missouri was $574 per month.
What is the price-to-rent ratio in Dunklin County, Missouri?
The price-to-rent ratio in Dunklin County, Missouri is about 13.1, meaning it would take roughly 13.1 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 Dunklin County.
Are home prices or rent rising faster in Dunklin County, Missouri?
Both home prices and rent are rising in Dunklin County, up about 14.5% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dunklin County, Missouri?
51.3% of households in Dunklin County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Dunklin County, Missouri?
The housing vacancy rate in Dunklin County, Missouri is 17.0%, higher than the Missouri average of 11.6%.