Grundy County, Missouri Housing Market Prices
Grundy County 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 80% below the Missouri median$28,804
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Median rent 33% below the Missouri median$695
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grundy County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,804 | $145,462 | $248,835 |
| Price Trend (Annual %) | 20.8% | 5.2% | 7.5% |
| Median Gross Rent | $695 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grundy County is about 80% lower than in Missouri. Rent is about 33% lower than 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 Grundy County, up about 20.8% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Grundy County rose about 22.8% between 2015 and 2024, from $566 to $695. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Grundy County.
Buying the median-priced home in Grundy County costs roughly 3.5 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 Grundy County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Grundy County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,804 | $145,462 | $248,835 |
| Median Household Income | $52,818 | $70,801 | $80,455 |
| Price-to-Income Ratio | 0.5 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grundy County fell about 51.1%, while median household income rose about 40.1% between 2009 and 2025 — 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 | Grundy County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 60.5% | 58.5% |
| Rental Rate | 24.5% | 28.3% | 31.2% |
| Vacancy Rate | 19.2% | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Grundy County has a homeownership rate of 56.4%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 19.2%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Grundy County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1963 | 1978 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Grundy County was built around 1963. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grundy County, Missouri.
What is the median home price in Grundy County, Missouri?
The median home price in Grundy County, Missouri is $28,804, lower than the Missouri average of $145,462.
What is the average home price in Grundy County, Missouri?
The typical home price in Grundy County, Missouri, reported as the median sale price, is $28,804. 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 Grundy County, Missouri?
The median gross rent in Grundy County, Missouri is $695 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Grundy County in 2020?
In 2020, the median gross rent in Grundy County, Missouri was $592 per month.
What is the price-to-rent ratio in Grundy County, Missouri?
The price-to-rent ratio in Grundy County, Missouri is about 3.5, meaning it would take roughly 3.5 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 Grundy County.
Are home prices or rent rising faster in Grundy County, Missouri?
Both home prices and rent are rising in Grundy County, up about 20.8% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grundy County, Missouri?
56.4% of households in Grundy County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Grundy County, Missouri?
The housing vacancy rate in Grundy County, Missouri is 19.2%, higher than the Missouri average of 11.2%.
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