Grandview, Missouri Housing Market Prices
Grandview 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 7% above the Missouri median$155,625
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Median rent About the same as the Missouri median$1,035
Housing Market Overview
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,625 | $145,462 | $248,835 |
| Price Trend (Annual %) | 196.6% | 5.2% | 7.5% |
| Median Gross Rent | $1,035 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grandview is about 7% higher than in Missouri. Rent follows a similar pattern, running close to 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 Grandview, up about 196.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Grandview rose about 39.8% between 2015 and 2024, from $740 to $1,035. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Grandview.
Buying the median-priced home in Grandview costs roughly 12.5 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 Grandview. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,625 | $145,462 | $248,835 |
| Median Household Income | $53,104 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grandview rose about 69.8%, while median household income rose about 17.5% 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 | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.1% | 60.5% | 58.5% |
| Rental Rate | 47.8% | 28.3% | 31.2% |
| Vacancy Rate | 6.1% | 11.2% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Grandview has a homeownership rate of 46.1%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 6.1%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1976 | 1978 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Grandview was built around 1976. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Grandview, MO Housing Compared With Nearby Cities
How Grandview, MO compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grandview, MO | 26,526 | $155,625 #3/3 | $1,035 #3/3 | 49.1% #3/3 |
| Leawood, KS | 34,078 | $272,302 | $1,815 | 87.3% |
| Raytown, MO | 28,527 | $190,789 | $1,215 | 65.0% |
Frequently Asked Questions
Common questions about the housing market in Grandview, Missouri.
What is the median home price in Grandview, Missouri?
The median home price in Grandview, Missouri is $155,625, higher than the Missouri average of $145,462.
What is the average home price in Grandview, Missouri?
The typical home price in Grandview, Missouri, reported as the median sale price, is $155,625. 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 Grandview, Missouri?
The median gross rent in Grandview, Missouri is $1,035 per month, about the same as the Missouri average.
What was the median gross rent in Grandview in 2020?
In 2020, the median gross rent in Grandview, Missouri was $843 per month.
What is the price-to-rent ratio in Grandview, Missouri?
The price-to-rent ratio in Grandview, Missouri is about 12.5, meaning it would take roughly 12.5 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 Grandview.
Are home prices or rent rising faster in Grandview, Missouri?
Both home prices and rent are rising in Grandview, up about 196.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grandview, Missouri?
46.1% of households in Grandview, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Grandview, Missouri?
The housing vacancy rate in Grandview, Missouri is 6.1%, lower than the Missouri average of 11.2%.
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