Lafayette County, Missouri Housing Market Prices
Lafayette 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.
-
Median home price 3% above the Missouri median$150,171
-
Median rent 10% below the Missouri median More expensive than 84% of counties in Missouri$928
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lafayette County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,171 | $145,462 | $248,835 |
| Price Trend (Annual %) | 17.0% | 5.2% | 7.5% |
| Median Gross Rent | $928 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lafayette County is about 3% higher than in Missouri. Rent is about 10% 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 Lafayette County, up about 17.0% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Lafayette County rose about 46.5% between 2015 and 2024, from $633 to $928. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Lafayette County.
Buying the median-priced home in Lafayette County costs roughly 13.5 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 Lafayette County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Lafayette County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,171 | $145,462 | $248,835 |
| Median Household Income | $80,512 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lafayette County rose about 61.0%, while median household income rose about 57.3% 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 | Lafayette County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 60.5% | 58.5% |
| Rental Rate | 21.4% | 28.3% | 31.2% |
| Vacancy Rate | 11.6% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Lafayette County has a homeownership rate of 67.0%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 11.6%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Lafayette County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1982 | 1978 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Lafayette County was built around 1982. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Lafayette County, MO Housing Compared With Nearby Counties
How Lafayette County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lafayette County, MO | 33,096 | $150,171 #2/3 | $928 #3/3 | 75.7% #1/3 |
| Johnson County, MO | 54,730 | $213,334 | $932 | 63.5% |
| Jackson County, MO | 719,648 | $119,553 | $1,196 | 59.1% |
Frequently Asked Questions
Common questions about the housing market in Lafayette County, Missouri.
What is the median home price in Lafayette County, Missouri?
The median home price in Lafayette County, Missouri is $150,171, higher than the Missouri average of $145,462.
What is the average home price in Lafayette County, Missouri?
The typical home price in Lafayette County, Missouri, reported as the median sale price, is $150,171. 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 Lafayette County, Missouri?
The median gross rent in Lafayette County, Missouri is $928 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Lafayette County in 2020?
In 2020, the median gross rent in Lafayette County, Missouri was $711 per month.
What is the price-to-rent ratio in Lafayette County, Missouri?
The price-to-rent ratio in Lafayette County, Missouri is about 13.5, meaning it would take roughly 13.5 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 Lafayette County.
Are home prices or rent rising faster in Lafayette County, Missouri?
Both home prices and rent are rising in Lafayette County, up about 17.0% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lafayette County, Missouri?
67.0% of households in Lafayette County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Lafayette County, Missouri?
The housing vacancy rate in Lafayette County, Missouri is 11.6%, higher than the Missouri average of 11.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →