Iron County, Missouri Housing Market Prices
Iron 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 41% below the Missouri median Cheaper than 72% of counties in Missouri$85,238
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Median rent 36% below the Missouri median Cheaper than 75% of counties in Missouri$664
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Iron County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,238 | $145,462 | $248,835 |
| Price Trend (Annual %) | 10.2% | 5.2% | 7.5% |
| Median Gross Rent | $664 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iron County is about 41% lower than in Missouri. Rent is about 36% 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 Iron County, up about 10.2% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Iron County rose about 23.5% between 2015 and 2024, from $538 to $664. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Iron County.
Buying the median-priced home in Iron County costs roughly 10.7 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 Iron County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Iron County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,238 | $145,462 | $248,835 |
| Median Household Income | $49,236 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Iron County rose about 51.5%, while median household income rose about 57.9% 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 | Iron County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 60.5% | 58.5% |
| Rental Rate | 20.5% | 28.3% | 31.2% |
| Vacancy Rate | 17.5% | 11.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Iron County has a homeownership rate of 61.9%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 17.5%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Iron County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1974 | 1978 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Iron County was built around 1974. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Iron County, MO Housing Compared With Nearby Counties
How Iron County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Iron County, MO | 9,446 | $85,238 #3/3 | $664 #3/3 | 75.1% #2/3 |
| St. Francois County, MO | 66,999 | $136,513 | $793 | 68.2% |
| Washington County, MO | 23,470 | $229,237 | $683 | 78.4% |
Frequently Asked Questions
Common questions about the housing market in Iron County, Missouri.
What is the median home price in Iron County, Missouri?
The median home price in Iron County, Missouri is $85,238, lower than the Missouri average of $145,462.
What is the average home price in Iron County, Missouri?
The typical home price in Iron County, Missouri, reported as the median sale price, is $85,238. 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 Iron County, Missouri?
The median gross rent in Iron County, Missouri is $664 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Iron County in 2020?
In 2020, the median gross rent in Iron County, Missouri was $624 per month.
What is the price-to-rent ratio in Iron County, Missouri?
The price-to-rent ratio in Iron County, Missouri is about 10.7, meaning it would take roughly 10.7 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 Iron County.
Are home prices or rent rising faster in Iron County, Missouri?
Both home prices and rent are rising in Iron County, up about 10.2% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Iron County, Missouri?
61.9% of households in Iron County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Iron County, Missouri?
The housing vacancy rate in Iron County, Missouri is 17.5%, higher than the Missouri average of 11.2%.
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