Liberty, Missouri Housing Market Prices
Liberty 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 34% above the Missouri median$195,077
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Median rent 13% above the Missouri median$1,169
Housing Market Overview
| Metric | Liberty | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,077 | $145,462 | $248,835 |
| Price Trend (Annual %) | 14.9% | 5.2% | 7.5% |
| Median Gross Rent | $1,169 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Liberty is about 34% higher than in Missouri. Rent is about 13% higher 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 Liberty, up about 14.9% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Liberty rose about 50.1% between 2015 and 2024, from $779 to $1,169. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Liberty.
Buying the median-priced home in Liberty costs roughly 13.9 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 Liberty. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Liberty | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,077 | $145,462 | $248,835 |
| Median Household Income | $92,443 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.1 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Liberty rose about 110.5%, while median household income rose about 46.7% 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 | Liberty | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.1% | 60.5% | 58.5% |
| Rental Rate | 25.5% | 28.3% | 31.2% |
| Vacancy Rate | 4.3% | 11.2% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Liberty has a homeownership rate of 70.1%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 4.3%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Liberty | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1983 | 1978 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in Liberty was built around 1983. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Liberty, Missouri.
What is the median home price in Liberty, Missouri?
The median home price in Liberty, Missouri is $195,077, higher than the Missouri average of $145,462.
What is the average home price in Liberty, Missouri?
The typical home price in Liberty, Missouri, reported as the median sale price, is $195,077. 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 Liberty, Missouri?
The median gross rent in Liberty, Missouri is $1,169 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Liberty in 2020?
In 2020, the median gross rent in Liberty, Missouri was $916 per month.
What is the price-to-rent ratio in Liberty, Missouri?
The price-to-rent ratio in Liberty, Missouri is about 13.9, meaning it would take roughly 13.9 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 Liberty.
Are home prices or rent rising faster in Liberty, Missouri?
Both home prices and rent are rising in Liberty, up about 14.9% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Liberty, Missouri?
70.1% of households in Liberty, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Liberty, Missouri?
The housing vacancy rate in Liberty, Missouri is 4.3%, lower than the Missouri average of 11.2%.
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