Jefferson City, Missouri Housing Market Prices
Jefferson City 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 18% above the Missouri median$171,276
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Median rent 25% below the Missouri median$780
Housing Market Overview
| Metric | Jefferson City | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,276 | $145,462 | $248,835 |
| Price Trend (Annual %) | 11.8% | 5.2% | 7.5% |
| Median Gross Rent | $780 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jefferson City is about 18% higher than in Missouri. Rent is about 25% 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 Jefferson City, up about 11.8% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Jefferson City rose about 33.2% between 2015 and 2024, from $585 to $780. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Jefferson City.
Buying the median-priced home in Jefferson City costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jefferson City. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Jefferson City | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,276 | $145,462 | $248,835 |
| Median Household Income | $66,032 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jefferson City rose about 64.8%, while median household income rose about 34.0% 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 | Jefferson City | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.5% | 60.5% | 58.5% |
| Rental Rate | 38.9% | 28.3% | 31.2% |
| Vacancy Rate | 9.6% | 11.2% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Jefferson City has a homeownership rate of 51.5%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 9.6%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Jefferson City | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1977 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Jefferson City was built around 1977. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jefferson City, Missouri.
What is the median home price in Jefferson City, Missouri?
The median home price in Jefferson City, Missouri is $171,276, higher than the Missouri average of $145,462.
What is the average home price in Jefferson City, Missouri?
The typical home price in Jefferson City, Missouri, reported as the median sale price, is $171,276. 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 Jefferson City, Missouri?
The median gross rent in Jefferson City, Missouri is $780 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Jefferson City in 2020?
In 2020, the median gross rent in Jefferson City, Missouri was $639 per month.
What is the price-to-rent ratio in Jefferson City, Missouri?
The price-to-rent ratio in Jefferson City, Missouri is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jefferson City.
Are home prices or rent rising faster in Jefferson City, Missouri?
Both home prices and rent are rising in Jefferson City, up about 11.8% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jefferson City, Missouri?
51.5% of households in Jefferson City, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Jefferson City, Missouri?
The housing vacancy rate in Jefferson City, Missouri is 9.6%, lower than the Missouri average of 11.2%.
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