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 | Lewis County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,412 | $136,017 | $242,182 |
| Price Trend (Annual %) | 18.4% | 5.0% | 8.2% |
| Median Gross Rent | $627 | $995 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lewis County is about 14% higher than in Missouri. Rent is about 37% lower 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 Lewis County, up about 18.4% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Lewis County rose about 29.8% between 2015 and 2023, from $483 to $627. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Lewis County.
Buying the median-priced home in Lewis County costs roughly 20.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lewis County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Lewis County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,412 | $136,017 | $242,182 |
| Median Household Income | $52,580 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lewis County rose about 104.6%, while median household income rose about 34.1% between 2009 and 2023 — 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 | Lewis County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 60.1% | 58.2% |
| Rental Rate | 17.1% | 28.4% | 31.3% |
| Vacancy Rate | 25.5% | 11.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Lewis County has a homeownership rate of 57.4%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 25.5%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Lewis County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1966 | 1977 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Lewis County was built around 1966. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lewis County, Missouri.
What is the median home price in Lewis County, Missouri?
The median home price in Lewis County, Missouri is $154,412, higher than the Missouri average of $136,017.
What is the average home price in Lewis 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 Lewis County, Missouri?
The median gross rent in Lewis County, Missouri is $627 per month, lower than the Missouri average of $995.
What was the median gross rent in Lewis County in 2020?
In 2020, the median gross rent in Lewis County, Missouri was $575 per month.
What is the price-to-rent ratio in Lewis County, Missouri?
The price-to-rent ratio in Lewis County, Missouri is about 20.5, meaning it would take roughly 20.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lewis County.
Are home prices or rent rising faster in Lewis County, Missouri?
Both home prices and rent are rising in Lewis County, up about 18.4% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lewis County, Missouri?
57.4% of households in Lewis County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Lewis County, Missouri?
The housing vacancy rate in Lewis County, Missouri is 25.5%, higher than the Missouri average of 11.6%.