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 | Jackson County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,819 | $136,017 | $242,182 |
| Price Trend (Annual %) | 3.5% | 5.0% | 8.2% |
| Median Gross Rent | $1,150 | $995 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson County is about 19% lower than in Missouri. Rent is about 16% higher 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 Jackson County, up about 3.5% and 5.0% a year respectively. Rent is changing faster.
Median rent in Jackson County rose about 42.5% between 2015 and 2023, from $807 to $1,150. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Jackson County.
Buying the median-priced home in Jackson County costs roughly 8.0 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 Jackson County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Jackson County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,819 | $136,017 | $242,182 |
| Median Household Income | $67,359 | $69,051 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jackson County rose about 24.9%, while median household income rose about 44.7% between 2009 and 2023 — 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 | Jackson County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 60.1% | 58.2% |
| Rental Rate | 37.4% | 28.4% | 31.3% |
| Vacancy Rate | 9.2% | 11.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Jackson County has a homeownership rate of 53.4%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 9.2%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Jackson County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1972 | 1977 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Jackson County was built around 1972. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson County, Missouri.
What is the median home price in Jackson County, Missouri?
The median home price in Jackson County, Missouri is $109,819, lower than the Missouri average of $136,017.
What is the average home price in Jackson 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 Jackson County, Missouri?
The median gross rent in Jackson County, Missouri is $1,150 per month, higher than the Missouri average of $995.
What was the median gross rent in Jackson County in 2020?
In 2020, the median gross rent in Jackson County, Missouri was $936 per month.
What is the price-to-rent ratio in Jackson County, Missouri?
The price-to-rent ratio in Jackson County, Missouri is about 8.0, meaning it would take roughly 8.0 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 Jackson County.
Are home prices or rent rising faster in Jackson County, Missouri?
Both home prices and rent are rising in Jackson County, up about 3.5% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Jackson County, Missouri?
53.4% of households in Jackson County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Jackson County, Missouri?
The housing vacancy rate in Jackson County, Missouri is 9.2%, lower than the Missouri average of 11.6%.