Joplin, Missouri Housing Market Prices
Joplin 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 12% above the Missouri median$163,128
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Median rent 7% below the Missouri median$962
Housing Market Overview
| Metric | Joplin | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,128 | $145,462 | $248,835 |
| Price Trend (Annual %) | 7.7% | 5.2% | 7.5% |
| Median Gross Rent | $962 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Joplin is about 12% higher than in Missouri. Rent is about 7% 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 Joplin, up about 7.7% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Joplin rose about 37.4% between 2015 and 2024, from $700 to $962. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Joplin.
Buying the median-priced home in Joplin costs roughly 14.1 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 Joplin. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Joplin | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,128 | $145,462 | $248,835 |
| Median Household Income | $51,299 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Joplin rose about 9.4%, while median household income rose about 39.9% 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 | Joplin | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.6% | 60.5% | 58.5% |
| Rental Rate | 42.4% | 28.3% | 31.2% |
| Vacancy Rate | 10.0% | 11.2% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Joplin has a homeownership rate of 47.6%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 10.0%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Joplin | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1982 | 1978 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Joplin was built around 1982. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Joplin, Missouri.
What is the median home price in Joplin, Missouri?
The median home price in Joplin, Missouri is $163,128, higher than the Missouri average of $145,462.
What is the average home price in Joplin, Missouri?
The typical home price in Joplin, Missouri, reported as the median sale price, is $163,128. 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 Joplin, Missouri?
The median gross rent in Joplin, Missouri is $962 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Joplin in 2020?
In 2020, the median gross rent in Joplin, Missouri was $761 per month.
What is the price-to-rent ratio in Joplin, Missouri?
The price-to-rent ratio in Joplin, Missouri is about 14.1, meaning it would take roughly 14.1 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 Joplin.
Are home prices or rent rising faster in Joplin, Missouri?
Both home prices and rent are rising in Joplin, up about 7.7% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Joplin, Missouri?
47.6% of households in Joplin, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Joplin, Missouri?
The housing vacancy rate in Joplin, Missouri is 10.0%, lower than the Missouri average of 11.2%.
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