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 | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,543 | $136,017 | $242,182 |
| Price Trend (Annual %) | 12.4% | 5.0% | 8.2% |
| Median Gross Rent | $611 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Linn County is about 52% lower than in Missouri. Rent is about 39% 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 Linn County, up about 12.4% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Linn County rose about 18.3% between 2015 and 2023, from $517 to $611. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Linn County.
Buying the median-priced home in Linn County costs roughly 8.9 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 Linn County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,543 | $136,017 | $242,182 |
| Median Household Income | $62,094 | $69,051 | $78,145 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Linn County rose about 167.4%, while median household income rose about 67.7% 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 | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 60.1% | 58.2% |
| Rental Rate | 17.3% | 28.4% | 31.3% |
| Vacancy Rate | 20.2% | 11.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Linn County has a homeownership rate of 62.5%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 20.2%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1969 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Linn County was built around 1969. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Linn County, Missouri.
What is the median home price in Linn County, Missouri?
The median home price in Linn County, Missouri is $65,543, lower than the Missouri average of $136,017.
What is the average home price in Linn 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 Linn County, Missouri?
The median gross rent in Linn County, Missouri is $611 per month, lower than the Missouri average of $995.
What was the median gross rent in Linn County in 2020?
In 2020, the median gross rent in Linn County, Missouri was $558 per month.
What is the price-to-rent ratio in Linn County, Missouri?
The price-to-rent ratio in Linn County, Missouri is about 8.9, meaning it would take roughly 8.9 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 Linn County.
Are home prices or rent rising faster in Linn County, Missouri?
Both home prices and rent are rising in Linn County, up about 12.4% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Linn County, Missouri?
62.5% of households in Linn County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Linn County, Missouri?
The housing vacancy rate in Linn County, Missouri is 20.2%, higher than the Missouri average of 11.6%.