Missouri Housing Market Prices
Missouri 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 42% below the US median Cheaper than 76% of states in US$145,462
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Median rent 27% below the US median Cheaper than 78% of states in US$1,033
Median Home Price Map: Counties in Missouri
Housing Market Overview
| Metric | Missouri | US Average |
|---|---|---|
| Median Home Price | $145,462 | $248,835 |
| Price Trend (Annual %) | 5.2% | 7.5% |
| Median Gross Rent | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Missouri is about 42% lower than in US. Rent is about 27% lower than the US 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 Missouri, up about 5.2% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Missouri rose about 38.6% between 2015 and 2024, from $745 to $1,033. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Missouri.
Buying the median-priced home in Missouri costs roughly 11.7 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 Missouri. The price-to-rent ratio in US is about 14.7.
| Metric | Missouri | US Average |
|---|---|---|
| Median Home Price | $145,462 | $248,835 |
| Median Household Income | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Missouri rose about 49.8%, while median household income rose about 50.1% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Missouri | US Average |
|---|---|---|
| Homeownership Rate | 60.5% | 58.5% |
| Rental Rate | 28.3% | 31.2% |
| Vacancy Rate | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 |
Missouri has a homeownership rate of 60.5%, higher than the US average of 58.5%. Its housing vacancy rate is 11.2%, compared with 10.2% in US.
Housing Stock
| Metric | Missouri | US Average |
|---|---|---|
| Average Household Size | 2.40 people | 2.53 people |
| Median Structure Built Year | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 |
The typical housing unit in Missouri was built around 1978. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Missouri Housing Compared With Nearby States
Missouri is the 2nd largest of the 6 states compared here, 6,186,340 residents against a local median of 3,204,793. There is no headline here. Every measure below sits within 15% of the median across the nearest states, which makes Missouri an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 9% above the local median at $145,462 against $133,462. Missouri has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Missouri | 6,186,340 | $145,462 #3/6 | $1,033 #3/6 | 68.1% #2/6 |
| Arkansas | 3,049,066 | $111,957 | $947 | 66.4% |
| Illinois | 12,692,444 | $149,936 | $1,274 | 67.1% |
| Iowa | 3,204,793 | $153,425 | $971 | 71.7% |
| Oklahoma | 4,028,385 | $133,462 | $1,014 | 65.8% |
| Kansas | 2,945,842 | $104,644 | $1,060 | 67.1% |
Frequently Asked Questions
Common questions about the housing market in Missouri.
What is the median home price in Missouri?
The median home price in Missouri is $145,462, lower than the US average of $248,835.
What is the average home price in Missouri?
The typical home price in Missouri, reported as the median sale price, is $145,462. 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 Missouri?
The median gross rent in Missouri is $1,033 per month, lower than the US average of $1,407.
What was the median gross rent in Missouri in 2020?
In 2020, the median gross rent in Missouri was $843 per month.
What is the price-to-rent ratio in Missouri?
The price-to-rent ratio in Missouri is about 11.7, meaning it would take roughly 11.7 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 Missouri.
Are home prices or rent rising faster in Missouri?
Both home prices and rent are rising in Missouri, up about 5.2% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Missouri?
60.5% of households in Missouri own their home, higher than the US average of 58.5%.
What is the vacancy rate in Missouri?
The housing vacancy rate in Missouri is 11.2%, higher than the US average of 10.2%.
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